Macau Oct.-Dec. Jobless Rate Falls

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Macau's jobless rate stood at 3.1% in the October to December period, down from 3.3% recorded in the September to November period, the Statistics and Census Service said on Wednesday. Meanwhile, the underemployment rate was 1.9%.

In the October to December period, the total number of unemployed persons decreased by 800 to 9,900 compared to the September to November period, while the number of employed persons totaled 322,000. At the same time, the labor force participation rate dropped to 71 from 71.2%.

In the fourth quarter, the unemployment rate of local residents stood at 3.7%, while the labor force participation rate was 66%.

For the whole year of 2009, the overall unemployment rate was 3.6%, up from 3% recorded in 2008.

Macau's jobless rate stood at 3.1% in the October to December period, down from 3.3% recorded in the September to November period, the Statistics and Census Service said on Wednesday. Meanwhile, the underemployment rate was 1.9%. (Market News Provided by RTTNews)