The Macau Metro Monitor. January 27th, 2010
MACAU OCT.-DEC. JOBLESS RATE FALLS RTTNews
The Statistics and Consensus Service reported that Macau's jobless rate was 3.1% for 3-month trailing period ended Dec 2009, down from the 3.3% rate reported for the 3-month period ended in Nov 2009. The underemployment rate was 1.9%. The labor participation rate stood at 71%. In the 4Q09 the unemployment rate of local residents was 3.7% with a labor participation rate of 66%. In 2009 overall unemployment rose 60 basis y-o-y to 3.6%.
