The unemployment rate in Macau stood at 2.9 percent in January 2021 - March 2021, unchanged from the previous three-month period, amid the coronavirus pandemic. This was the highest jobless rate since September - November 2020 period, as the number of unemployed increased by 100 to 11,600. Meantime, employment decreased by 2,000 to 384,900 mostly in the wholesale & retail trade and hotels & similar activities. The labor force participation rate was 69.9 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 May 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 2.60 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.