The unemployment rate in Macau declined to 2.7 percent in October -December of 2020 from 2.9 percent in the previous three-month period. This was the lowest jobless rate since May - July 2010 period, as the number of unemployed dropped by 600 to 11,000. Meantime, employment increased by 2,600 to 388,800 mostly in the wholesale & retail trade and construction. The labor force participation rate was 70.4 percent. source: Statistics and Census Service, Government of Macao SAR
Unemployment Rate in Macau averaged 3.55 percent from 1996 until 2020, reaching an all time high of 7.10 percent in June of 2000 and a record low of 1.70 percent in January of 2014. This page provides the latest reported value for - Macao Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macau Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in Macau is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Macau to stand at 2.80 in 12 months time. In the long-term, the Macau Unemployment Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.