Job seekers fill in forms at a job fair in Hong Kong, China October 29, 2020. REUTERS/Tyrone Siu
Hong Kong's seasonally adjusted unemployment rate has climbed to 3.9% for the July to September 2025 period, up from 3.7% in the previous three months.
This 0.2 percentage point increase highlights ongoing challenges in the job market, particularly amid economic restructuring and external uncertainties.
According to government data, the rise is more pronounced in certain sectors, with social work and construction experiencing distinct upticks in unemployment rates.
The Secretary for Labour and Welfare, Chris Sun, commented on the figures, noting that "the employment situation in some sectors would continue to face challenges during economic restructuring."
He also pointed out that increasing external uncertainties could dampen corporate hiring sentiment. Despite these pressures, Sun expressed optimism that Hong Kong's ongoing economic expansion could bolster job growth in the coming months.
This comes at a time when the city is actively importing talent to fill gaps, with over 35,000 non-local workers arriving since 2023 under various schemes.
For job seekers and employers, this trend underscores the need to adapt to shifting market dynamics. Industries like construction, which have been hit hard, may see continued strain, while others tied to economic growth could offer more stability. Staying informed on policy updates, such as those from the 2025 Policy Address emphasizing talent development, will be key for navigating these changes.
Reuters Article - Source for unemployment statistics and official comments