Unemployment Rate - HK Economic Data | Sigmanomics

Hong Kong Unemployment Rate

3.8

Actual

Consensus

3.8

Hong Kong's Unemployment Rate for December 2025 matched expectations at 3.80%, unchanged from November's 3.80%, indicating a stable labor market without contraction or expansion signals. The steady rate suggests continued resilience in employment conditions despite global uncertainties. Market watchers will likely anticipate steady monetary policy as labor market stability reduces immediate pressure for intervention. Updated 1/20/26

Unemployment Rate - HK

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Economic Calendar - HK Events

Wednesday, February 4, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
00:30	HK	S&P Global PMI	52.3	51.9	52.1	52.15	Low
Tuesday, February 3, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Retail Sales YoY	5.1	4.4	4.7	4.83	Low
08:30	HK	GDP Growth Rate YoY	-	3.8	4.1	4.10	Low
08:30	HK	GDP Growth Rate QoQ	-	0.7	0.4	0.40	Low
Friday, January 23, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Business Confidence	-	-2	0	0.00	Low
Thursday, January 22, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Inflation Rate YoY	-	1.2	1.2	1.27	Low
Wednesday, January 21, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Inflation Rate MoM	-	0	0.1	0.10	Low
Tuesday, January 20, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Unemployment Rate	3.8	3.8	4	3.97	Low
Tuesday, January 6, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
00:30	HK	S&P Global PMI	51.9	52.9	53.2	53.25	Low
Friday, January 2, 2026			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Retail Sales YoY	4.4	5.3	5.1	5.23	Low
Monday, December 22, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Current Account	98.2	95.8	115	106.60	Low
08:30	HK	Inflation Rate MoM	0	0.3	0.1	0.10	Low
08:30	HK	Inflation Rate YoY	1.2	1.2	1	1.07	Low
Tuesday, December 16, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Unemployment Rate	3.8	3.8	3.8	3.77	Low
Monday, December 15, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Industrial Production YoY	5.4	0.9	1.8	3.60	Low
Thursday, December 11, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
01:00	HK	Interest Rate Decision	4	4.25	4	4.00	Low
Wednesday, December 3, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
00:30	HK	S&P Global PMI	52.9	51.2	51.5	51.55	Low
Monday, December 1, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Retail Sales YoY	5.3	4.8	4.2	4.33	Low
Tuesday, November 25, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Balance of Trade	-39.9	-50.2	-34	-36.95	Low
Thursday, November 20, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Inflation Rate YoY	1.2	1.1	1.1	1.18	Low
08:30	HK	Inflation Rate MoM	0.3	0.1	0.2	0.20	Low
Tuesday, November 18, 2025			Actual	Previous	Consensus	Sigmanomics Rolling-Surprise Forecast	Impact
08:30	HK	Unemployment Rate	3.8	3.9	3.8	3.77	Low

Analysis and Forecast

Unemployment Rate in HK Holds Steady at 3.80 Percent January Report Shows Stable Unemployment Rate in HK The unemployment rate measures the share of the labor force without work but actively seeking employment. In Hong Kong, the unemployment rate remained steady at 3.80 percent in January, matching the previous month’s figure and slightly below market expectations of 4.00 percent. Fast facts: the rate has held at 3.80% for two consecutive months, showing resilience amid global economic uncertainties; this stability contrasts with a gradual rise from 3.20% in April last year. Economists from Morgan Stanley note that "Hong Kong’s labor market is demonstrating notable strength despite external pressures, supported by steady consumer spending and easing inflation." The Federal Reserve’s cautious stance on interest rates may also be helping to sustain demand in the region. Overall, the data suggests a balanced labor market as Hong Kong navigates ongoing economic challenges.