MACAO, September 30 – Information from the Statistics and Census Service (DSEC) indicates that the general unemployment rate (4.3%) and local resident unemployment rate (5.5%) for June-August 2022 have increased by 0.2 and 0.1 percentage points compared to the previous period (May-July 2022) respectively, in the wake of the pandemic and new graduates entering the labor market. The underemployment rate was 16.5%, up 3.1 percentage points.
The labor force living in Macau was 379,200 and the labor force participation rate was 68.9%. Total employment was 362,900 and the number of employed residents stood at 278,300, up 1,600 and 4,300 respectively from the previous period. Analyzed by sector of activity, employment in Hotels, Restaurants & Similar Activities and Financial Activities is progressing.
The number of unemployed increased by 700 compared to the previous period to reach 16,300; the number of people looking for their first job fell from 600 to 2,000, its proportion in the total number of unemployed increasing by 3.3 percentage points to reach 12.0%. Among the unemployed looking for a new job, most of them were previously engaged in gambling and gambling activities and in the construction industry.
The number of underemployed increased by 12,000 from the previous period to 62,600, with the majority working in games and gambling activities, hotels, restaurants and similar activities, and retail trade.
Compared to June-August 2021, the underemployment rate, unemployment rate and participation rate increased by 12.8, 1.5 and 0.4 percentage points respectively.
The employment survey covers all residential units in the Macau Peninsula, Taipa and Coloane, excluding collective dwellings such as dormitories and nursing homes for the elderly. People living in these units are included in the survey, and therefore residents of Macau and non-resident workers who work in Macau but live outside the territory are excluded. According to preliminary estimates from movement records, an average of about 87,900 Macau residents and non-resident workers worked in Macau but lived outside the territory during the reference period; including these people, the total labor force was 467,100, an increase of 2,100 from the previous period.
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