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HK Latest Unemployment Rate Ebbs to 3.8%, Slightly Below Forecast
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The seasonally adjusted unemployment rate decreased from 3.9% in November 2025 - January 2026 to 3.8% in December 2025 - February 2026, slightly below the market consensus of maintaining at 3.9%, according to the latest labour force statistics released today (18th) by the Census and Statistics Department of Hong Kong (C&SD). The underemployment rate remained unchanged at 1.7% in the two periods.

Comparing December 2025 - February 2026 with November 2025 - January 2026, the unemployment rate (not seasonally adjusted) decreased in many major economic sectors, with more distinct decreases observed in the retail sector, accommodation services sector, and foundation and superstructure sector. Movements in the underemployment rate in different industry sectors varied, but the magnitudes were generally not large.
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