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Macau has a labour force participation rate of 74 percent, while the SAR’s unemployment rate and underemployment rate remain the lowest on record
Some 3,400 people entered the job market between July and the end of September, bringing up Macau’s total employment to 392,100.
The latest figures released yesterday by the Statistics and Census Service (DSEC) show that the Special Administrative Region’s labour force participation rate reached 74 percent, while the labour force increased to 398,700.
While the territory’s overall unemployment rate has remained unchanged at 1.7 percent since the first quarter of the year, Macau residents alone account for 2.3 percent of the unemployed. This figure has also remained stable since the beginning of the year, and is down from 2.5 percent at the end of the fourth quarter last year.
The underemployment rate also remained unchanged at 0.3 percent in the months between July and the end of September compared to the June-August period. The Statistics and Census Service surveys the city’s unemployment rate on a monthly basis but group results together in three-month periods, which are usually the last three months for which there is data available over the three months prior to the latest figures.
According to the data, the number of unemployed decreased by 200 to 6,600, with first-jobseekers accounting for 26.6 percent of the total unemployed, up slightly by 3.5 percentage points.
Trade on demand
The sector employing the largest number of workers was gaming at 81,500 and accounts for 23.5 percent of the total, followed by the construction sector, accounting for 56,000 of the SAR’s labour force, and retail trade at 34,800. This latter registered the biggest increase of 3.7 percent in the June-September period over that of the previous one.
The number of workers in the construction sector also increased by 5,100, while that of the hospitality industry (including restaurants) rose by 2,600.
The real estate business accounted for 7.9 percent of the SAR’s total employment, while civil servants made up 6.5 percent and domestic workers 5.5 percent. At the end of September there were 20,850 domestic workers in Macau, the majority of whom are from the Philippines at 10,093, followed by Vietnam at 7,390. Some 103 domestic workers, or domestic helpers, are from mainland China, according to information released last week by the Human Resources Office.
Monthly salaries remained basically unchanged in the third quarter of the year compared to the previous quarter. The overall median monthly earnings recorded was MOP13,000, while Macau residents pocketed MOP15,600, up MOP600 from the third quarter of the year.
Official figures show that median earnings in the gaming industry had reached MOP17,000, while those of the construction sector were MOP13,000.
From MacauBusinessDaily
Some 3,400 people entered the job market between July and the end of September, bringing up Macau’s total employment to 392,100.
The latest figures released yesterday by the Statistics and Census Service (DSEC) show that the Special Administrative Region’s labour force participation rate reached 74 percent, while the labour force increased to 398,700.
While the territory’s overall unemployment rate has remained unchanged at 1.7 percent since the first quarter of the year, Macau residents alone account for 2.3 percent of the unemployed. This figure has also remained stable since the beginning of the year, and is down from 2.5 percent at the end of the fourth quarter last year.
The underemployment rate also remained unchanged at 0.3 percent in the months between July and the end of September compared to the June-August period. The Statistics and Census Service surveys the city’s unemployment rate on a monthly basis but group results together in three-month periods, which are usually the last three months for which there is data available over the three months prior to the latest figures.
According to the data, the number of unemployed decreased by 200 to 6,600, with first-jobseekers accounting for 26.6 percent of the total unemployed, up slightly by 3.5 percentage points.
Trade on demand
The sector employing the largest number of workers was gaming at 81,500 and accounts for 23.5 percent of the total, followed by the construction sector, accounting for 56,000 of the SAR’s labour force, and retail trade at 34,800. This latter registered the biggest increase of 3.7 percent in the June-September period over that of the previous one.
The number of workers in the construction sector also increased by 5,100, while that of the hospitality industry (including restaurants) rose by 2,600.
The real estate business accounted for 7.9 percent of the SAR’s total employment, while civil servants made up 6.5 percent and domestic workers 5.5 percent. At the end of September there were 20,850 domestic workers in Macau, the majority of whom are from the Philippines at 10,093, followed by Vietnam at 7,390. Some 103 domestic workers, or domestic helpers, are from mainland China, according to information released last week by the Human Resources Office.
Monthly salaries remained basically unchanged in the third quarter of the year compared to the previous quarter. The overall median monthly earnings recorded was MOP13,000, while Macau residents pocketed MOP15,600, up MOP600 from the third quarter of the year.
Official figures show that median earnings in the gaming industry had reached MOP17,000, while those of the construction sector were MOP13,000.
From MacauBusinessDaily