Macau’s labor force unemployment rate returned to the same level as the same period in 2019 in the second quarter. according to Data from the Statistics and Census Service (DSEC in Portuguese) showed that the overall unemployment rate (including local and non-local workers) was 1.7%, while the unemployment rate for local workers was slightly higher at 2.3%.
Both rates fell 0.4% quarter-on-quarter.
The Statistics and Census Service explained that although the median monthly wage declined in the second quarter, this was due to a relatively high comparison base due to a large number of bonuses paid earlier this year. The median monthly wage for non-residents was MOP17,000, while that for residents was MOP20,000.
[See more: Latest figures show a rise in hospitality sector employment in Macao]
In the second quarter, the number of employed people in Hong Kong totaled 376,400. This was an increase of 5,300 from the previous quarter, of which the local employed population (totaling 287,000) increased by 3,000. The Statistics and Census Service said the increase in employment was “mainly due to the non-gaming sector”.
In fact, the number of people employed in the gaming industry fell by 1,100. The real estate and business activities industries also fell by 1,600, which may reflect Ongoing struggle Macau real estate market.
Since Macau lifted its zero-COVID policy in early 2023, employment in Macau has been steadily recovering. At the height of the pandemic restrictions in mid-2022, Macau Recorded The overall and local unemployment rates were 4.3% and 5.5% respectively, with 16,300 unemployed people.
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