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. 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 January 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 2.50 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.