As of 2007, Morcote had an unemployment rate of 3.68%. As of 2005, there were people employed in the primary economic sector and about businesses involved in this sector. 33 people were employed in the secondary sector and there were 6 businesses in this sector. 228 people were employed in the tertiary sector, with 39 businesses in this sector.There were 341 residents of the municipality who were employed in some capacity, of which females made up 41.3% of the workforce. In 2000, there were 233 workers who commuted into the municipality and 211 workers who commuted away.
The municipality is a net importer of workers, with about 1.1 workers entering the municipality for every one leaving. About 24.5% of the workforce coming into Morcote are coming from outside Switzerland, while 0.9% of the locals commute out of Switzerland for work. Of the working population, 6.7% used public transportation to get to work, and 57.5% used a private car.
As of 2009, there were 3 hotels in Morcote with a total of 40 rooms and 79 beds
