Macau ends 2017 with an unemployment rate of 2.0%

29 January 2018

The unemployment rate in Macau was 2.0% in 2017, an increase of 0.1 percentage points compared to 2016, with the resident unemployment rate being 2.7% or the same as the rate recorded the previous year, the Statistics and Census Bureau said.

The median monthly income of the employed population was 15,000 patacas (US$1,937), which was unchanged from 2016, and employed residents had a median income of 19,000 patacas (US$2,375), an increase of 1,000 patacas compared to the previous year.

The average number of employed people per household reached 1.7 people in 2017, which was the same as in 2016 and the median monthly employment income per household was 28,400 patacas (US$3,550), 400 patacas higher than the previous year.

The unemployment rate between October and December 2017 was 1.9%, unchanged from the three-month period ended in November, with the underemployment rate being 0.3%, a decrease of 0.1 percentage points.

The Statistics and Census Bureau also reported that in the period under analysis the workforce totalled 383,000 individuals and the activity rate was 69.9%.

The employed population totalled 375,900 people and the number of employed residents was 276,400 individuals, or 1,600 and 2,100 fewer people, respectively, compared to the previous period.

The unemployed population consisted of 7,100 individuals, 300 fewer people compared to the previous period, with 12.6% of the total unemployed population looking for their first job, falling by 2.2 percentage points on the year. (macauhub)