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.

Unemployment Rate in Macau averaged 3.57 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 October of 2020.

Unemployment Rate in Macau is expected to be 2.60 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 2.80 in 12 months time. In the long-term, the Macau Unemployment Rate is projected to trend around 3.00 percent in 2021 and 3.10 percent in 2022, according to our econometric models.

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Macau Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.40 7.10 1.70 1996 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-27 09:15 AM Jun 2.5% 2.4% 2.5%
2020-08-27 10:00 AM Jul 2.7% 2.5% 2.5%
2020-09-27 04:50 AM Aug 2.8% 2.7% 2.6%
2020-10-23 10:00 AM Sep 2.9% 2.8% 2.6%
2020-11-27 04:00 AM Oct 2.9%
2020-12-28 04:00 AM Nov


News Stream
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 Jobless Rate Highest Since 2010
The unemployment rate in Macau inched up to 2.8 percent in June - August 2020 from 2.7 percent in the previous three-month period. It was the highest jobless rate since September - November 2010 period, as the number of unemployed rose by 400 to 11,500. Meantime, employment decreased by 2,900 to 392,500 mostly in the gaming & junket activities, construction and hotels & similar activities while that in both restaurants & similar activities and wholesale & retail trade increased. The labor force participation rate was 70.2 percent.
2020-09-27
Macau Jobless Rate Highest Since 2011
The unemployment rate in Macau rose to 2.7 percent in May - July 2020 from 2.5 percent in the previous three-month period. It was the highest jobless rate since July - September 2011 period, as the number of unemployed increased by 1,000 to 11,100. Meantime, employment declined by 6,500 to 395,400 mostly in both the gaming & junket activities and retail trade while that in construction activities increased. The labor force participation rate was 70.5 percent.
2020-08-27
Macau Jobless Rate Highest Since 2011
The unemployment rate in Macau edged up to 2.5 percent in April - June 2020 from 2.4 percent in the previous three-month period. It was the highest jobless rate since September - November 2011 period, as the number of unemployed increased by 400 to 10,100. Meantime, employment went up by 7,300 to 401,900 mostly in both the restaurants & similar activities and hotels & similar activities while that in gaming & junket activities declined. The labor force participation rate was 70.8 percent.
2020-07-27

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.