ZCZC
BCN-22
MACAO-UNEMPLOYMENT-RATE
Macao’s unemployment rate remains at 1.8 pct from June to August
MACAO, Sept. 30, 2018 (BSS/Xinhua) – Macao’s general unemployment rate
from June to August 2018 was 1.8 percent, the unemployment rate of local
residents stood at 2.4 percent, the special administrative region’s statistic
service said on Saturday.
The latest report from the Statistics and Census Service (DSEC) showed
that all three indicators held stable as in the previous period from May to
July 2018.
Total labor force was 392,100 for the period and the labor force
participation rate was 71.0 percent. Total employment was 385,000 and number
of employed residents totalled 283,700, down by 500 and 600 respectively from
the previous period.
Analyzed by industry, employment in hotels, restaurants and the
construction sector registered decreases while that in recreational,
cultural, gaming and other services increased.
Number of the unemployed was 7,100, similar to that in the previous
period. With fresh graduates entering the labour market, the proportion of
fresh labor force entrants searching for their first job increased by 4.9
percentage points to 21 percent of the total unemployed.
In comparison with the same period in 2017, the labor force participation
rate and the unemployment rate dropped by 0.5 and 0.2 percentage points
respectively while the underemployment rate rose by 0.1 percentage point.
BSS/XINHUA/HR/1500