Unemployment rate continues increase in Q3

The general unemployment rate and the unemployment rate of local residents for the third quarter of this year has increased by 0.4 and 0.6 percentage points quarter-to-quarter, respectively, to 2.9 per cent and 4.1 per cent, data published by the Statistics and Census Bureau (DSEC) reveals.

The local unemployment rate has increased steadily since January of this year due to the economic impact of the Covid-19 pandemic, with the general unemployment rate at the time at 1.7 per cent, while the local resident unemployment rate was at 2.3 per cent.

The number of total employed workers decreased by 10,100 quarter-to-quarter, mainly due to a decline in the number of non-resident workers living in Macau, while the number of employed residents went down by 1,800.

Analysed by industry, employment in Gaming & Junket Activities (76,900) and Real Estate & Business Activities (32,700) dropped by 5,400 and 4,800, respectively, quarter-to-quarter, while that in Hotels, Restaurants & Similar Activities (58,900) rose by 5,500.

According to the department, the average monthly employment earnings of local workers for the third quarter remained unchanged quarter-to-quarter at MOP15,000, with average earnings of those engaged in Gaming & Junket Activities and the Construction sector stable at MOP17,000 and MOP15,000 respectively.

However average earnings of employed residents dropped by MOP1,700 quarter-to-quarter to MOP18,300.