The False Comfort of a Steady Unemployment Rate Hong Kong's jobless rate has held steady at 3. 7% since the start of 2026, but this statistic belies a more complex reality.
Fresh graduates and school leavers entering the job market pose significant pressure on unemployment rates, an annual ritual that underscores the fragile nature of Hong Kong's labor market.
While the government touts the expanding economy as a boon to employment, it ignores the underlying reality: many young people are struggling to find work. The underemployment rate has risen to 1. 7%, up from 1.