Jhe the city’s total employment was 370,400 and the number of employed residents was 278,800 during the February-April period, down 800 and 100 respectively from the previous period , due to declining employment in the construction sector and gambling and junket activities.
The number of underemployed increased by 1,000 from the previous period to 11,600, with the majority working in gambling and junket activities and in the construction sector.
The number of unemployed was 13,300, similar to the previous period.
This figure is expected to rise following reports in local media that the Million Dragon Hotel has started laying off employees due to “unpredictable business prospects”.
A letter to employees scheduled June 26 as their last day of work, the same date all six gaming concessions were originally scheduled to end. Earlier this year, the government announced that it would extend all concessions until the end of this year on a voluntary basis.
At the same time, the proportion of new labor market entrants looking for their first job increased by 0.3 percentage point to 6.2% of the total number of unemployed.
This number is expected to increase in the coming weeks due to the new batch of graduates this summer.
At the University of Macao alone, more than 1,800 students graduated from bachelor’s degrees during last weekend’s congregation.
Macau City University, meanwhile, has recently welcomed more than 2,000 graduates.
Compared to the period from February to April 2021, the unemployment rate increased by 0.5%, while the underemployment rate and the participation rate fell by 1.8 and 0.5 percentage points respectively. percentage.
The labor force living in Macau was 383,700 and the labor force participation rate was 69.1%.
According to preliminary estimates from travel records, about 87,800 Macau residents and non-resident workers on average worked in Macau but lived outside the territory during the reporting period.