The unemployment rate in Macedonia decreased to 20.8 percent in the third quarter of 2018 from 22.1 percent in the same period of the previous year. It was the lowest jobless rate since series began in 1993, as the number of unemployed persons fell by 12 thousand to 199.3 thousand and the number of employed rose by 16 thousand to 759.4 thousand. Meanwhile, the labour force participation rate increased to 57 percent from 56.8 percent and employment rate increased to 45.1 percent from 44.2 percent in the three months to September of 2017. In the second quarter of 2018, the jobless rate was higher at 21.1 percent. 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.

Macedonia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-09 11:45 AM Unemployment Rate 21.9% 22.1% 21.9%
2018-06-08 10:15 AM Unemployment Rate 21.6% 21.9% 21.5%
2018-09-07 09:35 AM Unemployment Rate 21.1% 21.6% 21.1%
2018-12-07 11:20 AM Unemployment Rate 20.8% 21.1% 20.8%
2019-03-08 11:00 AM Unemployment Rate 20.8% 20.40%
2019-06-07 10:00 AM Unemployment Rate 20.00%
2019-09-06 10:00 AM Unemployment Rate 19.70%


Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 20.80 21.10 38.70 20.80 percent [+]
Employed Persons 759445.00 755073.00 759445.00 498867.00 [+]
Unemployed Persons 199325.00 202398.00 330724.00 199325.00 [+]
Wages 36488.00 35794.00 36488.00 20029.00 MKD/Month [+]
Population 2.08 2.07 2.10 1.38 Million [+]
Part Time Employment 26.60 25.50 50.20 21.70 Thousand [+]
Wage Growth 3.90 4.60 18.60 -5.60 percent [+]
Job Vacancies 8459.00 7199.00 8459.00 4604.00 [+]
Labor Force Participation Rate 56.97 56.91 57.80 50.30 percent [+]
Long Term Unemployment Rate 15.50 15.30 30.90 15.30 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 45.10 44.88 45.10 31.20 percent [+]
Full Time Employment 716.40 711.30 716.40 515.20 Thousand [+]


Macedonia Unemployment Rate

In Macedonia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Macedonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
20.80 21.10 38.70 20.80 1993 - 2018 percent Quarterly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.82 Sep/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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