There are roughly 8,500 people working in full-time financial sector jobs in Macao, according to the latest figures from the Statistics and Census Service.
Statistics and Census Service
The third quarter’s total non-gaming spend was up almost 30 percent when compared to the same three-month period in 2019.
After a downward trend in the first two quarters, Macao’s residential and business rents saw rises between 0.7 to 4.8 percent in three months ending in September.
Underemployment is down slightly, with more work cropping up in the construction sector, while median monthly earnings have remained the same.
More non-resident workers arrived and far fewer people died during the previous quarter than they did in the first.
Has the tourism recovery already peaked? Figures showing another straight month of decline pose tough questions for the sector.
Despite a tourism-led economic recovery, the residential property sector continues to underwhelm according to the latest numbers.
Fewer visitors stayed the night and those who did were not inclined to stay any longer than visitors in the preceding month, while less than five percent of visitors were foreign.
The total number of guests from Macao’s biggest markets, mainland China and Hong Kong, also posted sharp increases.