Macau unemployment hits five-year high

Written by Ben Blaschke

Macau’s general unemployment rate and locals unemployment rate for the three months from November 2016 through January 2017 have both risen by 0.1 percent from the previous period to 2 percent and 2.8 percent respectively, according to figures released by the Statistics and Census Service.

It is the first time unemployment levels have risen above 1.9 percent since September 2012.

The figures show the total number of people employed to be 381,900 – a fall of 3,100 – while the 277,900 locals employed represents a drop of 500.

However, there are significantly more people working in the gaming industry with Gaming and Junket Industries employing 82,500, up 3,6 percent from 79,600 in the previous period. Recreational, Cultural, Gaming and Other Services account for 24.6 percent of the Macau workforce.