Macau: Unemployment increases slightly in Macau due to world financial crisis

30 December 2008

Macau, China, 29 Dec – The world financial crisis and reduced growth of the gaming and gambling sector have already led to a slight rise in unemployment with a rate of 3.3 percent in the quarter that ended in October.

Figures published Monday by the region’s Statistics and Census Bureau showed that unemployment in the quarter between September and November rose by 0.2 percentage points to 3.3 percent against the quarter ended in October.

In the same period under-employment rose to 1.6 percent or a rise of 0.1 percentage points.

Compared with the same period of 2007, unemployment and under-employment rates have both risen 0.4 percentage points.

Between September and November, the active population totalled, 338,000 people, of which 327,000 were working, figures which show a drop of 1,000 people in the active population since the end of the quarter ended in October, as well as a fall of 1,800 employed people.

The unemployed population in Macau totalled 11,000 people, a rise of 800 people as compared to the quarter ended in October, due to significant increases in the number of unemployed in the construction, lotteries and other betting sectors.(macauhub)