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.

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Macau Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.90 7.10 1.70 1996 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-23 10:00 AM Sep 2.9% 2.8% 2.6%
2020-11-27 05:30 AM Oct 2.9% 2.9% 2.9%
2020-12-30 03:30 AM Nov 2.9% 2.9% 3.0%
2021-01-29 06:45 AM Dec 2.7% 2.9% 3.0%
2021-02-26 10:00 AM Jan 2.7% 2.9%
2021-03-26 10:00 AM Feb
2021-04-30 10:00 AM Mar
2021-05-29 10:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Macau Jobless Rate Drops to 2.7% in Q4
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.
2021-01-29
Macau Jobless Rate Unchanged at 2.9%
The unemployment rate in Macau stood at 2.9 percent in September -November 2020, unchanged from the previous three-month period. Still, this was the highest jobless rate since August - October 2010 period, as the number of unemployed dropped by 100 to 11,600. Meantime, employment decreased by 900 to 386,200 mostly in the restaurants & similar activities and construction. The labor force participation rate was 70 percent.
2020-12-30
Macau Jobless Rate Unchanged at 2.9%
The unemployment rate in Macau stood at 2.9 percent in August - October 2020, unchanged from the previous three-month period. Still, this was the highest jobless rate since August - October 2010 period, as the number of unemployed fell by 100 to 11,700. Meantime, employment decreased by 4,700 to 387,100 mostly in the gaming & junket activities, construction, restaurants & similar activities and hotels & similar activities. The labor force participation rate was 70 percent.
2020-11-27
Macau Jobless Rate Highest Since 2010
The unemployment rate in Macau edged up to 2.9 percent in July - September 2020 from 2.8 percent in the previous three-month period. It was the highest jobless rate since August - October 2010 period, as the number of unemployed increased by 300 to 11,800. Meantime, employment decreased by 700 to 391,800 mostly in the gaming & junket activities, construction and wholesale & retail trade while that in both restaurants & similar activities and hotels & similar activities rose. The labor force participation rate was 70.3 percent.
2020-10-23

Macau Unemployment Rate
In Macau, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.