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Xinhua Credit
Local

Macao's general unemployment rate rises

June 29, 2020


Abstract : Macao's general unemployment rate from March to May this year was 2.4 percent and the unemployment rate of local residents was 3.4 percent, up by 0.2 and 0.3 percentage points respectively from the previous period.

MACAO, June 27 (Xinhua) -- Macao's general unemployment rate from March to May this year was 2.4 percent and the unemployment rate of local residents was 3.4 percent, up by 0.2 and 0.3 percentage points respectively from the previous period (from February to April 2020), the special administrative region's statistics service said on Saturday.

Information from the Statistics and Census Service (DSEC) also indicated that the underemployment rate increased by 0.5 percentage points to 2.6 percent.

Total labour force was 404,300 and the labour force participation rate was 70.5 percent. Total employment was 394,600 and the number of employed residents totalled 280,100, up by 400 and 2,200 respectively from the previous period.

Analysed by industry, employment in the construction sector increased, while that in retail trade and hotels and similar activities decreased.

The number of the unemployed grew by 800 to 9,700 from the previous period. Among the unemployed population searching for a new job, most of them were previously engaged in retail trade and in gaming and junket activities. Meanwhile, the proportion of new labour market entrants seeking their first job decreased by 0.7 percentage points to 5.1 percent of the total unemployed.

The number of the underemployed increased by 2,300 to 10,600, with the majority working in gaming and junket activities, the construction sector, retail trade and the transport and storage sector.

In comparison with the same period of last year, the underemployment rate, the unemployment rate and the labour force participation rate rose by 2.2, 0.7 and 0.1 percentage points respectively. Enditem

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Keyword: Macao economy

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