Employment data of Macau is out for the second quarter and the jobs in the gaming sector are down 4% on a quarter-on-quarter basis, employing 69,000 headcounts, as compared to 72,700 headcounts in the first quarter of 2022.
The data accumulated by the Government of Macao Special Administrative Region Statistics and Census Services (DSEC) clearly reflects that Gaming industry in Macau is the worst hit in terms of employment, 3,100 jobs were lost on a quarterly basis.
Casino and gaming industry in Macau was the worst hit due to COVID19 travel restrictions, in the second quarter of 2022, especially with the outbreak of COVID19 in Macau in the month of June 2022.
Gaming industry in Macau constitutes 19.1 percent of the total employment, the highest employment contributor in the city.
“The Construction sector and the Gaming sector accounted for 8.0 percent and 19.1 percent of the total employed, down by 0.6 and 0.5 percent respectively quarter-to-quarter,” the agency report read.
The monthly earnings of those employed in the Gaming industry of Macau reduced by MOP500 ($62) per month to MOP20,000 ($2,477) in Jun 22 quarter from MOP20,500 ($2539) in Mar 22 quarter.
Under the restrictive measures against the pandemic, number of the underemployed increased by 5,100 quarter-to-quarter to 15,700 as some businesses were suspended or operated on a limited basis, the report read.
“Analysed by industry, 26.4% of the underemployed were engaged in the Gaming sector,” the agency report cited.
The main reason for underemployment was “Placed on unpaid leave or partially paid leave by the company”, taking up 45.6 percent of the total, up by 4.0 percentage points quarter-to-quarter.
This was followed by “Unable to find other job” and “Slack business or low season”, at 27.7 percent and 19.2 percent respectively, the findings in the report read.
Among the unemployed searching for a new job, 30.2 percent of them were previously working in the Gaming sector, the report read.
The main reasons for unemployment were “Personal or family reason” which constituted 27.2 percent of the total, whereas “Company ceased operation” comprised of 24.3 percent and “End of temporary work” constituted of 17.8 percent.
The data and numbers collected for the second quarter as ended on Jun 30, out of the economically active population of 378,100 headcount, 364,200 are employed, whereas 13,900 were unemployed, the agency report read.
Overall underemployed population for the quarter ended on Jun 30 grew 48 percent on quarterly basis.
Number of total underemployed expanded by 5,100 headcounts from tally of 10,600 underemployed in Mar 22 quarter to 15,700 underemployed in Jun 22 quarter.
Macau’s general unemployment rate stood at 3.7 percent in the second quarter, up from 3.5 percent in the preceding quarter.