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Macau unemployment rate falls to 2.8pc

Macau’s unemployment rate for April-June 2010 was 2.8 percent and the underemployment rate was 1.9 percent, down by 0.1 and 0.2 of a percentage point respectively over the previous period, March-May 2010, according to Macau’s Statistics and Census Service.

The total labour force was 326,000 in April-June and the labour force participation rate stood at 71.6 percent, with the employed population increasing by around 1,000 over the previous period to 317,000. Analysed by industry, increased employment was seen in the Transport, Storage & Communications, and the Recreational, Cultural, Gaming & Other Services sectors.

The number of unemployed decreased by around 300 from the previous period to 9,300. As the summer holiday approached, the number of fresh labour force entrants saw an increase, accounting for 7.5 percent of the unemployed, up 2.1 percentage points over the previous period.

In comparison with April-June, the labour force participation rate and the unemployment rate decreased by 1.0 and 0.8 of a percentage point respectively; however, the underemployment rate rose by 0.1 of a percentage point.

In the second quarter of 2010, the unemployment rate of local residents stood at 3.4 percent, down by 0.3 of a percentage point quarter to quarter; meanwhile, the labour force participation rate of local residents rose by 0.9 of a percentage point to 67.1 percent.

(Source: Statistics and Census Service, Macao SAR Government)