FX.co ★ Hong Kong Unemployment Rate Highest Since 2022

Hong Kong’s seasonally adjusted unemployment rate inched up to 3.9% in the three months ending January 2026, its highest level since September 2022 and slightly above the previous period’s 3.8%. The number of unemployed rose by 200 to 138,400, while total employment declined by 1,100 to 3.67 million. Youth unemployment among those aged 20–29 eased to 7% from 7.1% in December, its lowest reading since June 2025. The underemployment rate held steady at 1.7%, and the size of the labour force was broadly unchanged from the preceding three-month period. Looking ahead, continued economic growth in Hong Kong is expected to underpin the overall labour market, though some sectors may remain under pressure amid challenging business conditions.