Due to the severe impact of the COVID-19 pandemic on the local economy, local residents’ unemployment rate rose by 0.6 percentage points to 3.5% in the second quarter from the previous quarter.
Statistics and Census Bureau
More than 25,000 casino workers have undergone Covid-19 tests, and all of them have been negative
The Labour Affairs Bureau’s (DSAL) Vocational Training Department Chief Cheung Wai said on Tuesday that the bureau was planning to increase the number of places in its subsidised vocational training scheme by 10,000.
Due to the COVID-19 pandemic, it now forecasts that Macao’s economy will drop by between 55.7% and 59.1% this year, in which case its gross domestic product (GDP) will return to the level it was in 2005 or 2004 in real terms.
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.
Some MOP 1.46 billion from the public coffers have already been injected into local businesses in the first month and a half of the government’s consumption subsidy smartcard scheme.
Macao’s number of visitor arrivals declined 99.5% year-on-year to 16,133 last month.
Macao’s gross domestic product (GDP) dropped 48.7 per cent year-on-year in real terms in Q1.
Macau unemployment rate of local residents grew 0.2 percentage points to 3.1 per cent.