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Regions Macau

Q1 unemployment hits 2.1%

The SAR’S general unemployment rate stood at 2.1%, and local residents’ unemployment rate was 2.7% in the first quarter of 2024, both decreasing by 0.2 percentage points quarter to quarter, the SAR’s statistics watchdog reported Friday. The Statistic


  • Apr 29 2024
  • 30
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Q1 unemployment hits 2.1%
Q1 unemployment hits 2.1%

Total employment (371,100) remained stable quarter on quarter, while employed local residents (284,000) dropped by 2,100.

Median monthly employment earnings of the employed (MOP18,000) and the employed residents (MOP20,500) in the first quarter increased by MOP400 and MOP500 respectively quarter-on-quarter, as employees in some industries were given double pay and bonuses in the first quarter.

Also, the number of unemployed (8,000) decreased by 200 from the previous period, where among the unemployed searching for a new job, most had been previously engaged in the Construction sector, Retail Trade and Gaming & Junket Activities.

Meanwhile, the proportion of new labor market entrants seeking their first job increased by 0.3 percentage points to 6.7% of the total unemployed. Staff Reporter

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