The unemployment rate in Macau increased to 1.9 percent in December 2019-February 2020 from 1.7 percent in the previous three-month period, as the number of unemployed rose by 700 to 7,500. Meanwhile, employment fell by 2,200 to 390,900 mostly in the construction sector and restaurants & similar activities. The labor force participation rate was 70.5 percent.
Unemployment Rate in Macau averaged 3.58 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 March of 2020.
Unemployment Rate in Macau is expected to be 1.60 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 2021, according to our econometric models.