Macedonia Employed Persons - Forecast

Employed Persons in Macedonia is expected to be 755692.33 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employed Persons in Macedonia to stand at 766338.44 in 12 months time. In the long-term, the Macedonia Employed Persons is projected to trend around 812041.27 in 2020, according to our econometric models.


Macedonia Employed Persons
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Macedonia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 21.6 21.1 20.8 20.4 20 16.5
Employed Persons 749892 755692 759954 762825 766338 812041
Unemployed Persons 206748 203582 200924 198405 195919 173648
Wages 34764 34500 35100 36000 35000 38000
Population 2.07 2.08 2.08 2.08 2.07 2.09
Wage Growth 1 1 1 1 1 1
Job Vacancies 8331 7830 8194 7762 7983 7917
Labor Force Participation Rate 56.9 56.92 56.88 56.86 56.89 56.96
Long Term Unemployment Rate 16.5 17.68 17.8 17.93 18.05 19.49
Minimum Wages 231 240 240 240 250 260
Part Time Employment 30.1 26.8 26.8 26.8 26.8 26.8
Full Time Employment 706 708 708 708 708 708
Employment Rate 44.6 44.82 44.74 44.63 44.72 44.75