22 Facts on Figures
Unemployment down
The unemployment rate for
November 2009 - January 2010 was Wages up
3 percent, down by 0.1 percentage
The median monthly wage
point from October-December 2009.
Imports up,
in Macau was MOP9,000
The underemployment rate was 1.7
percent, down by 0.2 percentage
again
in the fourth quarter of
2009 - up 5.9 percent
points. Macau’s total labour force was The value of
quarter-on-quarter. Official
321,400 in November 2009 - January 2010 Macau’s imports
data for wages shows that
and the labour force participation rate went up for the
in the recreational, cultural,
stood at 70.8 percent, with the employed third consecutive
gaming and other services
population decreasing slightly by 500 over month in January,
sectors, which employed the
the previous period to 311,900. Employment rising 22.4
majority people, the median wage
in the manufacturing sector and restaurants percent year-on-year
was MOP12,000. The global
and similar activities increased from the to MOP3.52 billion.
median weekly hours worked was
previous period, while that of wholesale however, export values
46.3 hours. analysed by industry,
and retail trade registered a decrease. In dropped further by 19
the majority were employed in
November 2009 - January 2010, the number percent year-on-year
recreational, cultural, gaming and
of the unemployed decreased by about 400 to MOP620 million,
other services, 23.4 percent, and
from the previous period to 9,500, with 10 according to official
hotels, restaurants and similar
percent - 960 - fresh labour force entrants data. Macau’s trade
activities, 14.2 percent. The total
searching for their first job. deficit for January
labour force was 322,000 in the
2010 widened by 37.4
fourth quarter of 2009, 312,000 of
percent year-on-year to
whom were employed and 9,900
MOP2.90 billion. The
unemployed. compared with the
Foreign exchange
value of exports to hong
third quarter, total labour force
reserves up
Kong increased by 28.4
registered a decrease of 5,800,
percent year-on-year
with number of the employed and
Macau’s foreign exchange reserves to MOP270 million in
unemployed decreasing by 3,400
amounted to MOP147.5 billion at the end January 2010, to the
and 2,400 respectively. In 2009,
of January 2010, according to preliminary USa, MOP83 million
average number of employed
estimates from the Monetary authority. and the European
per household was 1.7 and the
The reserves rose by 0.7 percent from Union, MOP43 million,
median monthly employment
the revised value of MOP146.6 billion for drops of 65.9 and 54.1
earnings per household was
the previous month. When compared with the percent respectively.
MOP15,800. The principal
same period last year, the reserves increased
employment indicators for the
by MOP18.3 billion or 14.2 percent. Macau’s
fourth quarter of 2009 such
foreign exchange reserves at end-January 2010
as the overall unemployment rate
represented 30 times the currency in circulation.
- 3.1 percent - were published
in January.
2009 exports slashed in half Prices up, but
Macau exports were sluggish in 2009, falling by 52.1 percent year-on-
not much
year to MOP7.67 billion. Official data released last month revealed
Macau’s composite
that total value of merchandise imports also decreased by 14.2
consumer Price Index
percent to MOP36.90 billion.The trade deficit widened from
(cPI) for January 2010
MOP27.01 billion in 2008 to MOP29.23 billion in 2009 and the
increased by 0.12
export/import ratio went down by 16.4 percentage points year-on-
percent year-on-year.
year to 20.8 percent. For the whole of 2009, analysed by destination
Price indices of clothing
of exports, value of merchandise exports to the USa, the EU and the
and footwear rose by 9.95
mainland decreased by 79.6, 60.3 and 43.2 percent respectively year-on-
percent while transports’ price
year. The value of textile and garment exports decreased by 73 percent
indices increased by 6.99
year-on-year to account for 32.2 percent of the total exports of goods.
percent. This was attributable
Meanwhile, the value of non-textile exports dropped by 24.4 percent. The
to higher prices of clothing in
value of total exports of goods amounted to MOP680 million in December
spite of the seasonal sales, and
2009, down by 25.5 percent year-on-year, while the value of total imports
rising prices of gasoline. For the
registered an increase for two consecutive months, up by 10.6 percent
12 months ended January 2010,
year-on-year to MOP3.62 billion. A trade deficit of MOP2.94 billion was
the average composite cPI
recorded in December 2009.
rose by 0.71 percent over the
preceding period.
March 2010
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