Unemployment rate stable

2013-3-28

From：Macau Daily Times

The unemployment rate (1.9%) and the underemployment rate (0.6%) for December 2012-February 2013 has kept stable in comparison to the previous period (November 2012-January 2013). Information from the Statistics and Census Service (DSEC) indicated that the total labor force was 357,200 and the labor force participation rate stood at 72%. In the new figures, total employment was 350,600, a decrease of 900 from the previous period. Categorized by industry, employment in “Retail Trade and Hotels & Similar Activities” saw an increase, while that in Construction registered a decrease. The number of the unemployed was similar to the previous period at 6,700. Fresh labor force entrants searching for their first job accounted for 7% of the total unemployed which was down by 4.6 percentage points. In comparison with December 2011-February 2012, the labor force participation rate went down by 1.2 percentage points; both the unemployment rate and the underemployment rate decreased by 0.2 percentage points.

Copyright@Macau Daily Times