FX.co ★ Hong Kong Jobless Rate Unchanged at 3.7%

Hong Kong’s seasonally adjusted unemployment rate held steady at 3.7% in the three months ending July 2026, remaining at its lowest level since the period ending August 2025. The number of unemployed persons rose by 6,000 from the previous month to 145,700, while total employment increased by 1,500 to 3.648 million.

The jobless rate among young people aged 20 to 29 climbed to 8.4%, up from 7.5%. The underemployment rate also inched up, to 1.7% from 1.6%, with the number of underemployed persons increasing by 3,800 to 66,200. Meanwhile, the labour force participation rate edged higher to 56.3% from 56.2%.

Looking ahead, Secretary for Labour and Welfare Chris Sun said: “The ongoing expansion of the local economy is expected to underpin overall labour market conditions, though fresh graduates and school leavers entering the labour market may pose some pressure on the unemployment rate. The potential impacts of external headwinds on corporate hiring sentiments also continue to warrant attention.”