MACAO: Macao’s general unemployment rate for the fourth quarter of 2019 was 1.7 percent, the special administrative region’s statistic service said here on Monday.
The latest report from Macao’s Statistics and Census Service showed that the unemployment rate of local residents was 2.3 percent, and the underemployment rate was 0.5 percent. All three indicators remained steady compared to the previous period from September to November 2019.
The total labour force was 396,500 and the labour force participation rate was 70.2 percent in the fourth quarter. The total employment was 389,800 and number of employed residents totaled 281,600, up by 2,200 and 1,300 respectively from the previous period.
The number of the unemployed was 6,700, an increase of 200 from the previous period. The proportion of new labour market entrants seeking their first job decreased by 2.9 percentage points to 16.3 percent of the total unemployed.
In the fourth quarter of 2019, the general unemployment rate and the unemployment rate of local residents dipped by 0.1 and 0.2 percentage points respectively from the previous quarter. The total employment increased by 2,700 quarter-to-quarter, with the number of employed residents rising by 500. For the whole year of 2019, the general unemployment rate was 1.7 percent and the unemployment rate of local residents was 2.3 percent, both down by 0.1 percentage point year-on-year. – The Daily Mail-China Daily News exchange item
