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COVID-19 pushes up jobless rate

The economic impact of COVID-19 pushed up Macao residents’ unemployment rate by 0.3 percentage points to 3.4% between March and May from the February–April survey period.

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UPDATED: 22 Dec 2023, 5:46 am

The economic impact of COVID-19 pushed up Macao residents’ unemployment rate by 0.3 percentage points to 3.4 per cent between March and May from the February–April survey period, the Statistics and Census Bureau (DSEC) has announced.

Macao’s general unemployment rate comprising local residents and non-resident workers grew 0.2 per cent to 2.4 per cent.

According to Saturday’s announcement, total employment stood at 394,600, including 280,100 employed residents, up by 400 and 2,200 respectively from the previous period. Employment in the construction sector rose, while the number of jobs in retail and hotels dropped.

The number of unemployed increased by 800 to 9,700. Among those looking for a new job, most worked previously for retail, gaming and junket businesses.

Compared with March–May last year, the general unemployment rate rose 0.7 percentage points.

(The Macau Post Daily/Macau News)

UPDATED: 22 Dec 2023, 5:46 am

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