{"id":26787,"date":"2022-01-31T10:50:36","date_gmt":"2022-01-31T13:50:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26787"},"modified":"2026-04-23T11:45:47","modified_gmt":"2026-04-23T14:45:47","slug":"unemployment-in-macau-hits-highest-level-since-2009","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/unemployment-in-macau-hits-highest-level-since-2009","title":{"rendered":"Unemployment in Macau hits highest level since 2009"},"content":{"rendered":"\n

The unemployment rate in Macau stood at 2.9 per cent at the end of 2021.<\/p>\n\n\n\n\n\n\n\n

Macau.- The Statistics and Census Bureau (DSEC) has reported a rise in the number of unemployed people in Macau. By the end of 2021,\u00a0the Macau Special Administrative Region’s unemployment rate had reached 2.9 per cent<\/strong>, the highest level since 2009.<\/p>\n\n\n\n

According to statistics from the DSEC, the unemployment rate for local residents was 3.9 per cent. Employment in retail and construction increased by 1,800 and 1,600 respectively, but\u00a0employment in gaming and junkets decreased by 3,600<\/strong>.<\/p>\n\n\n\n

According to the report, the total labour force in Macau stood at 389,000, and the labour force participation rate was 69 per cent.<\/p>\n\n\n\n

In October-December 2021\u00a0the number of unemployed climbed from 11,000 to 11,900<\/strong>. The overall unemployment rate for the whole of 2021 rose by 0.4 percentage points, and the unemployment rate for local residents rose by 0.3 percentage points.<\/p>\n\n\n\n

The median monthly employment earnings for employed persons in 2021 was $15,800, while employed residents earned $20,000.<\/p>\n\n\n\n

The International Monetary Fund (IMF)<\/strong> has recently forecasted that Macau\u2019s gross domestic product (GDP) is unlikely to exceed pre-pandemic levels<\/a> until 2025. <\/p>\n\n\n\n

Following an official visit to Macau, the IMF said it expects GDP to grow by 15 per cent this year <\/strong>as tourism recovers and domestic demand improves. <\/p>\n\n\n\n

Analysts at the IMF said an economic recovery depends on a safe reopening to tourists, with Covid-19 vaccination key to that goal. Analysts also noted Macau\u2019s economic diversification<\/a> and praised the construction of the Cooperation Zone with Guangdong in Hengqin. The IMF said diversification will help Macau to reduce its economy\u2019s vulnerability to external shocks.<\/p>\n","protected":false},"excerpt":{"rendered":"

The unemployment rate in Macau stood at 2.9 per cent at the end of 2021.<\/p>\n","protected":false},"author":176,"featured_media":26803,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's unemployment rate reached 2.9% by the end of 2021, the highest since 2009, with a significant decline in employment within the gaming and junket sectors. The International Monetary Fund (IMF) forecasts Macau's GDP will not exceed pre-pandemic levels until 2025, contingent on tourism recovery, vaccination, and economic diversification efforts, including the Hengqin Cooperation Zone.","focusai_entities":"Statistics and Census Bureau (DSEC), International Monetary Fund (IMF)","focusai_location":"Macau, Guangdong, Hengqin","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Gaming Labor Impact?","query":"How will the sustained decline in gaming and junket employment impact the operational efficiency, labor costs, and talent acquisition strategies of Macau's integrated resort concessionaires?"},{"label":"Diversification Strategy Efficacy?","query":"Given the IMF's GDP recovery timeline and emphasis on diversification, what specific policy adjustments or capital allocation shifts are anticipated from Macau's government and gaming operators to accelerate non-gaming revenue streams and reduce economic vulnerability?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-26787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26787"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26787\/revisions"}],"predecessor-version":[{"id":26810,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26787\/revisions\/26810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26803"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}