Statistics

Macao's unemployment rate remains at 3%

(Xinhua)
Updated: 2010-05-28 11:14

MACAO - Macao's unemployment rate for the period of February to April this year stood at three percent, a slight increase of 0.1 percentage point over the previous period of January to March, according to the figures released on Thursday by the city's Statistics and Census Service (DSEC).

Related readings:  Macao residents' monthly employment earnings reaches $1,250  Macao's CPI up 2.56% in April  Macao's resident deposits up 2.9% in March  Macao moves to regulate local mortgage market

The number of the unemployed reached 9,600 in the period, of which 4.9 percent were fresh labor force entrants searching for their first job, down by one percentage point over the previous period, the DSEC figures indicated.

Total labor force was 323,300 in the period with the labor force participation rate standing at 71.1 percent, both of which remained unchanged from the previous period.

Analyzed by industry, employment of real estate and business activities saw increase from the previous period, while that of the construction sector and hotels, restaurants and similar activities registered a decrease, according to the DSEC.