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Charts & Stats
Macao SAR, China Unemployment, youth total (% of total labor force ages 15-24) (national estimate)
What is Macao SAR, China's unemployment, youth total (% of total labor force ages 15-24) (national estimate)? As of 2020, it's 8% of total labor force ages 15-24, up from 5.3% of total labor force ages 15-24 in 2014.
Author: Wantstats Research TeamSource: World Bank and Wantstats Repository
| Label | Unemployment, youth total (% of total labor force ages 15-24) (national estimate) |
|---|---|
| 2014 | 5.337% of total labor force ages 15-24 |
| 2015 | 4.459% of total labor force ages 15-24 |
| 2016 | 5.137% of total labor force ages 15-24 |
| 2017 | 5.298% of total labor force ages 15-24 |
| 2018 | 5.258% of total labor force ages 15-24 |
| 2019 | 5.167% of total labor force ages 15-24 |
| 2020 | 8.032% of total labor force ages 15-24 |
Data Source: World Bank and Wantstats Repository
Macao SAR, China Unemployment, youth total (% of total labor force ages 15-24) (national estimate): Key Points
- By 2020, Macao SAR, China's unemployment, youth total (% of total labor force ages 15-24) came to 8.03 % of total labor force ages 15-24, against 5.34 % of total labor force ages 15-24 in 2014 — around 50% up across the period.
- 2015: drops to 4.46 % of total labor force ages 15-24 (-16%).
- 2016-2017: keeps gaining, out to 5.30 % of total labor force ages 15-24 (+19%).
- 2018-2019: flat at 5.17 % of total labor force ages 15-24 — nothing much moves.
- 2020: shoots up to 8.03 % of total labor force ages 15-24 (+55%).
- 2020: Ends the series at 8.03 % of total labor force ages 15-24 — 50.5% above the 2014 baseline.
The Pandemic Jobs Shock, Explained
With movement this mixed, it is worth being skeptical of anyone drawing a strong conclusion from just the start and end points.
The size of this jump makes sense in context: COVID-19 forced widespread shutdowns in 2020, and labor markets worldwide absorbed the shock at the same time.
Data like this is rarely a fresh annual count. It is more often a periodic survey with the in-between years estimated — worth knowing before treating every single year as an independent, precise measurement.
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Manager, JavolVision
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Joseph Aguayo
Sales Operations & Pricing Manager, Intel
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Bong Lau
Sales Leader, Bamberg
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Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.