The unemployment rate in Macau inched up to 3.0 percent in the February to April 2021 period, from 2.9 percent in the previous three-month period, amid the coronavirus pandemic. It was the highest jobless rate since the February to April 2010 period, as the number of unemployed increased by 400 to 12,000 and the employed population shrank by 2,400 to 382,500 mostly in wholesale & retail trade, construction, and hotels & similar activities. The labor force participation rate decreased to 69.6 percent from 69.9 in the previous three-month period. source: Statistics and Census Service, Government of Macao SAR
Unemployment Rate in Macau averaged 3.54 percent from 1996 until 2021, 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 June of 2021.
Unemployment Rate in Macau is expected to be 2.70 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 2.50 in 12 months time. In the long-term, the Macau Unemployment Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.