Macau Jobless Rate Remains Unchanged at 1.7%
2025-01-24 09:45
By
Judith Sib-at
1 min. read
The unemployment rate in Macau held steady at 1.7% in the three months ending December 2024, marking the sixth consecutive period of no change and continuing to be the lowest rate since January 2020.
The number of unemployed individuals remained unchanged at 6,700, while total employment fell by 1,000 to 378,300.
The main sectors affected by job losses were construction, wholesale and retail trade, hotels and similar activities, and gaming.
Meanwhile, job gains were observed in restaurant and similar activities.
Moreover, the labor force participation rate inched down to 67.7% from 68% in the prior period.