Employment Survey for July-September 2013

Information from the Statistics and Census Service (DSEC) indicated that the unemployment rate (1.9%) and the underemployment rate (0.6%) for July-September 2013 held stable as June-August. Total labour force increased to 371,000 and the labour force participation rate stood at 73.1%. Total employment reached 364,000, up by 2,600 from June-August. Analysed by industry, employment in the Construction sector rose by 9.9% to 38,000. Number of the unemployed was 6,900, down by 300 from June-August; fresh labour force entrants searching for their first job accounted for 15.0% of the total unemployed, up by 1.4 percentage points. In the third quarter of 2013, the general unemployment rate (1.9%) and the unemployment rate of local residents (2.5%) increased by 0.1 and 0.2 percentage points respectively quarter-to-quarter, attributable to a new batch of fresh graduates joining the labour market. Total labour force registered an increase of 7,300 quarter-to-quarter, with total employment and the unemployed rising by 6,800 and 500 respectively. Median monthly employment earnings of the employed held stable as the previous quarter at MOP12,000 in the third quarter of 2013, while that of the employed residents amounted to MOP15,000, an increase of MOP1,000 quarter-to-quarter.

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