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Macau June-August Unemployment Rate Edges Up

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Macau's unemployment rate stood at 3.8% in the June to August period, up 0.1 percentage points from the May to July period, the Statistics and Census Service said Monday.

Compared to the previous year, the unemployment rate increased by 0.8 percentage points. There were 12,600 unemployed persons during the three-month period to August, rising by 400 from the previous period. Fresh labor force entrants looking for their first job accounted for 13.8% of the total unemployed.

The underemployment rate remained unchanged at 1.9%, but climbed 0.3 percentage points from the previous year.

In the June to August period, there were 331,400 persons in the labor force, of which 318,800 were employed. The labor force participation rate fell by 0.2 percentage points compared to the May to July period to 72.6%, and slipped 0.6 percentage points from the preceding year.

Macau's unemployment rate stood at 3.8% in the June to August period, up 0.1 percentage points from the May to July period, the Statistics and Census Service said Monday. (Market News Provided by RTTNews)

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