Unemployment rate hit 2.1 per cent between January and March amid the on-going Coronavirus pandemic. <\/p>\n\n\n\n\n\n\n\n
Macau.- The unemployment rate in Macau reached 2.1 per cent between January and March, the highest number since April-June 2012 the Statistics and Census Bureau has revealed.<\/p>\n\n\n\n
The unemployment rate for local residents rose by 0.3 percentage points to 2.9 per cent, with the number of employed residents dropping by 3,200 to a total of 280,200 people.<\/p>\n\n\n\n
Total employment numbers rose by 6,500 from the previous period to 397,400, due to the increase in non-resident workers living outside of Macau but who moved back to the city before entry restrictions were imposed on February 20.<\/p>\n\n\n\n
The number of unemployed residents increased by 1,000 people from the previous period to 8,500, with an a notable increase in those working in the Transport and Storage sector.<\/p>\n\n\n\n
Employment in Wholesale and Retail Trade rose by 5,700 to 49,300 workers, while decreasing by 5,200 in Restaurants and Similar Activities to 50,700.<\/p>\n\n\n\n
The average monthly employment earnings in the first quarter dropped by MOP1,000 (\u20ac115) quarter-to-quarter to MOP16,000 (\u20ac1,851), while average earnings for Gaming and Junket Activities and the Construction sector stood at MOP20,000 (\u20ac2,314) and MOP14,000 (\u20ac1,619) respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
Unemployment rate hit 2.1 per cent between January and March amid the on-going Coronavirus pandemic.<\/p>\n","protected":false},"author":2,"featured_media":2675,"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 surged to 2.1% between January and March, the highest since 2012, with the local resident unemployment rate reaching 2.9% amidst the ongoing Coronavirus pandemic. This economic shift saw a decrease in employed residents and notable sector-specific impacts, including a decline in Restaurants and Similar Activities, while average monthly earnings across the territory dropped, though Gaming and Junket Activities maintained higher average earnings.","focusai_entities":"Statistics and Census Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"GGR Impact Analysis?","query":"What is the projected impact of Macau's rising unemployment and reduced average earnings on the territory's Gross Gaming Revenue (GGR) for the subsequent quarters?"},{"label":"Operator Workforce Strategy?","query":"How are major gaming operators in Macau adjusting their workforce management, compensation structures, and operational efficiencies in response to these labor market shifts and economic pressures?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[7299,257],"class_list":["post-5970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-coronavirus","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5970","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5970"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5970\/revisions"}],"predecessor-version":[{"id":5977,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5970\/revisions\/5977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2675"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}