The unemployment rate in Macau inched down to 2.9 percent in the second quarter of 2021, from 3.0 percent in the three months ending May. The number of unemployed decreased by 6,900 people to 11,100 while the employed population shrank by 700 to 375,900 persons due to jobs lost in the restaurant, hotel, and construction sectors. The labor force participation rate edged lower to 68.3 percent from 68.9 in the previous three-month period. source: Statistics and Census Service, Government of Macao SAR
Unemployment Rate in Macau averaged 3.53 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 August of 2021.
Unemployment Rate in Macau is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macau Unemployment Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.