Unemployment in Hong Kong

Hong Kong Unemployment | Economic News & Forecasts

Hong Kong - Unemployment

Ongoing protests contributed to the softest expansion in nearly a decade in Q2 and data for Q3 suggests activity remains dismal. Retail sales plunged in July, while the PMI continued declining in July-August. Moreover, public unrest, trade tensions and weaker domestic growth are weighing on the all-important Hong Kong real estate market, which bodes poorly for investment and business confidence. That said, July’s pick up in domestic credit growth should be buffering domestic demand. In other news, Fitch Ratings downgraded Hong Kong’s credit rating one notch from AA+ to AA with a negative outlook on 6 September, citing turmoil with China denting the island’s reputation for stability and ease of doing business. In politics, Carrie Lam, Hong Kong’s chief executive, announced the withdrawal of the extradition bill in early September, however, the move did little to calm protests.

Hong Kong - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.4  3.2  3.3  3.4  3.2  

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Hong Kong Unemployment Chart


Hong Kong Unemployment

Hong Kong Facts

ValueChangeDate
Bond Yield1.043.38 %Sep 04
Exchange Rate7.84-0.11 %Sep 04
Stock Market26,523-1.92 %Sep 04

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