The unemployment rate in Macau stood at 1.8 percent in August-October 2019, the same as in the previous period. It remained the highest jobless rate since August-October 2018 period, with total number of unemployed edging down by 300 to 7,000 while employment increasing 200 to 387,300. Job gains were seen in gaming & junket activities while losses were reported in construction, restaurant & similar activities, wholesale & retail trade, and hotel & similar activities. Meantime, the labor force participation rate slipped to 70.1 from 70.2 percent. In August-October 2018, the jobless rate was also at 1.8 percent. Unemployment Rate in Macau averaged 3.61 percent from 1996 until 2019, 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.

Unemployment Rate in Macau is expected to be 1.70 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 1.80 in 12 months time. In the long-term, the Macau Unemployment Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Macau Unemployment Rate
Calendar GMT Actual Previous Consensus TEForecast
2019-08-27 02:45 AM Unemployment Rate Jul 1.8% 1.7% 1.7%
2019-09-27 04:00 AM Unemployment Rate Aug 1.8% 1.8% 1.7%
2019-10-28 04:00 AM Unemployment Rate Sep 1.8% 1.8% 1.7%
2019-11-27 02:45 AM Unemployment Rate Oct 1.8% 1.8% 1.7%
2019-12-27 04:00 AM Unemployment Rate Nov 1.8% 1.7%
2020-01-28 03:30 AM Unemployment Rate Dec
2020-02-27 03:00 AM Unemployment Rate Jan


Macau Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.80 1.80 7.10 1.70 percent [+]
Employed Persons 387.10 387.20 399.50 193.00 Thousand [+]
Unemployed Persons 7.30 6.60 15.00 6.00 Thousand [+]
Population 0.66 0.65 0.66 0.17 Million [+]
Wages 17000.00 16300.00 17000.00 4578.00 MOP/Monthly [+]
Wages In Manufacturing 10000.00 10000.00 14000.00 2656.00 MOP/Monthly [+]
Labor Force Participation Rate 70.10 70.20 74.40 60.80 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.80 7.10 1.70 1996 - 2019 percent Monthly




Country Last Previous
South Africa 29.10 Sep/19 29
Turkey 14.00 Aug/19 13.9
Spain 13.92 Sep/19 14.02
Brazil 11.60 Oct/19 11.8
Argentina 10.60 Jun/19 10.1
Italy 9.70 Oct/19 9.9
France 8.60 Sep/19 8.5
India 8.50 Oct/19 7.2
Euro Area 7.50 Oct/19 7.6
Canada 5.90 Nov/19 5.5
Saudi Arabia 5.60 Jun/19 5.7
Australia 5.30 Oct/19 5.2
Indonesia 5.28 Sep/19 5.01
Russia 4.60 Oct/19 4.5
United Kingdom 3.80 Sep/19 3.9
China 3.61 Sep/19 3.61
Mexico 3.60 Oct/19 3.8
Netherlands 3.50 Oct/19 3.5
South Korea 3.50 Oct/19 3.4
United States 3.50 Nov/19 3.6
Germany 3.10 Oct/19 3.1
Japan 2.40 Oct/19 2.4
Singapore 2.30 Sep/19 2.2
Switzerland 2.20 Oct/19 2.1


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