The unemployment rate in Macau fell to 3.4 percent in the March to May period of 2022, from 3.5 percent in the previous three-month period. The current reading was the lowest jobless rate since the three months to February of 2022. The number of unemployed fell by 500 people to 12,800 and the employed population decreased by 5,600 to 364,800 mostly in restaurants and similar activities; hotels and similar activities; construction, and wholesale and retail trade. Meanwhile, the labour force participation rate edged down to 68.3 percent from 69.1 percent in the previous period. source: Statistics and Census Service, Government of Macao SAR
Unemployment Rate in Macau averaged 3.52 percent from 1996 until 2022, 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 July of 2022.
Unemployment Rate in Macau is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Unemployment Rate is projected to trend around 2.50 percent in 2023, according to our econometric models.