Macao’s general unemployment rate increases in Q2

0

MACAO, July 27 (Xinhua) — Macao’s general unemployment rate and unemployment rate of local residents for the second quarter of 2020 both increased from the previous period from March to May 2020, the special administrative region’s statistics department said here on Monday.

The latest report from the Statistics and Census Service (DSEC) indicated that both the general unemployment rate and the unemployment rate of local residents for the second quarter increased by 0.1 percentage point to 2.5 percent and 3.5 percent. The underemployment rate rose by 0.8 percentage points to 3.4 percent.

Total labour force was 412,000 and the labour force participation rate was 70.8 percent for the second quarter. Total employment was 401,900, an increase of 7,300 from the previous period from March to May. Meanwhile, the number of employed residents decreased by 800 to 279,300.

The number of the unemployed edged up by 400 from the previous period to 10,100. Among the unemployed population searching for a new job, the number of those previously working in gaming activities and in restaurants showed relatively large growth.

Meanwhile, the proportion of new labour market entrants seeking their first job increased by 0.4 percentage points to 5.5 percent of the total unemployed.

The number of the underemployed grew by 3,300 to 13,900, with the majority working in gaming activities, the transport and storage sector, the construction sector, the retail trade and hotels.

In the second quarter of 2020, the general unemployment rate and the unemployment rate of local residents grew by 0.4 and 0.6 percentage points respectively from the previous quarter. Total employment increased by 4,500 quarter-to-quarter whereas the number of employed residents dropped by 900. Enditem

Share.

About Author

Leave A Reply