Unemployment Rate in Macedonia decreased to 20.80 percent in the third quarter of 2018 from 21.10 percent in the second quarter of 2018. Unemployment Rate in Macedonia averaged 30.90 percent from 1993 until 2018, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 20.80 percent in the third quarter of 2018.
Unemployment Rate in Macedonia is expected to be 20.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Macedonia to stand at 18.60 in 12 months time. In the long-term, the Macedonia Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.