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Q3 UNEMPLOYMENT RATE REMAINS UNCHANGED FROM PREVIOUS QUARTER 

Q3 UNEMPLOYMENT RATE REMAINS UNCHANGED FROM PREVIOUS QUARTER 

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Macau’s general unemployment rate (1.7 per cent) and local residents’ unemployment rate (2.3%) in the second quarter of this year remained unchanged from the previous quarter, according to the Statistics and Census Service (DSEC).

Meanwhile, the underemployment rate (1.1%) decreased by 0.4 percentage points.

Total employment (379,300) and the number of employed residents (287,700) in the third quarter increased by 2,900 and 700 respectively quarter-on-quarter on account of the summer peak travel season. 

Employment in Hotels, Restaurants & Similar Activities (52,700) and Real Estate & Business Activities (31,800) both rose by 1,700, while employment in Retail Trade (32,900) fell by 2,800.

Median monthly employment earnings of the employed (MOP 18,000) and the employed residents (MOP 20,500) in the third quarter went up by MOP 100 and MOP 500 respectively from the previous quarter, according to data from the DSEC.

Source: DSEC

Photo: Unsplash/drown_in_city

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