The unemployment rate in Macau stood at 1.7 percent in October-December 2019, unchanged from the previous period. It remained the lowest jobless rate since April-June period, with total number of unemployed edging up by 200 to 6,500 while employment increasing 2,200 to 389,800. Job losses were seen in gaming & junket activities and restaurant & similar activities, while gains were reported in wholesale & retail trade, hotel & similar activities and construction. Meantime, the labor force participation rate went up to 70.2 from 69.9 percent. In October-December 2018, the jobless rate was also at 1.7 percent.
Unemployment Rate in Macau averaged 3.59 percent from 1996 until 2019, 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.
Unemployment Rate in Macau is expected to be 1.60 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 1.80 in 12 months time. In the long-term, the Macau Unemployment Rate is projected to trend around 2.00 percent in 2021, according to our econometric models.