Macau sees unemployment rate rise
Macau’s general unemployment rate for 2021 increased to 2
Macau’s superior general unemployment charge per unit for 2021 increased to 2.9%, its highest reported since 2009.
Information from the city’s Statistics and Census Robert William Service (DSEC) showed a pronounced move up inward the figure of unemployed for the quaternary quarter, driven by a sharp-worded set down inward the gaming and junket sector.
Analysed past industry, retail and mental synthesis experient employ increases of 1,800 and 1,600 respectively, but the gaming and junket sector saw a 3,600-person drop.
For October-December 2021, Macau’s labour drive totalled 389,000 people, with come engagement of 377,100. This fig is upwards by 1,200 from the previous period, but wasn’t sufficiency to offset printing a climb up inward the city’s unemployment rate.
For the two-month period, the figure of unemployed people climbed from 11,000 to 11,900, patch for 2021 as a whole, the general unemployment grade increased past 0.4 percent points, and the unemployment order of local residents increased past 0.3 percentage points.
However, the keep down of underemployed has decreased. For October-December, this strike down past 1,100 to 15,700, with the DSEC citing “a notable unload inwards the list of those meshed inward hotels, restaurants and similar activities.”
And the proportion of unexampled labour market entrants seeking their foremost job dropped past 2.3 percentage points to 10.8% of the sum unemployed.
The city’s employment survey covers all residential units inward Macau Peninsula, Taipa and Coloane, excluding collective living quarters such as dormitories and maintenance homes for the elderly.
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