FX.co ★ Macau Jobless Rate Rises to 1.9% in Jan-March

In the three months concluding in March 2025, Macau experienced a slight uptick in its unemployment rate, rising to 1.9% from 1.8% in the preceding period. This figure represents the highest unemployment rate recorded since May 2024. The number of unemployed individuals increased by 500, totaling 7,300, while total employment saw a decrease of 3,100, bringing the employed population down to 371,800. Job losses were primarily observed in the gaming, construction, and restaurant sectors. In contrast, the wholesale and retail trade, as well as the hotel industry, reported job growth. Additionally, the labor force participation rate dropped to 61.1%, down from 61.7% in the previous period.