Macau Employment, GDP Dip, But Casino Operators Show Resiliency

May 31, 2022 Macau Earnings & Filings

Macau and its casinos continue to look for ways to free itself from the grasp of COVID-19. It’s not easy, and a drop in both employment and GDP from February to April are indicators of the struggle.

The total employment for Macau during the period was 370,400, Macau Daily Times reports. Of that figure, 278,800 were residents of the SAR. The overall total is 800 less, and there were 100 fewer residents employed than in the previous period.

The number of underemployed people jumped by 1,000 in the period to 11,600. Most are part of gambling and junket activities, as well as the construction industry. In addition, there were 13,300 individuals unemployed, the same as the number in the previous period.