The unemployment rate in Macedonia decreased to 17.5 percent in the second quarter of 2019 from 21.1 percent in the same period a year earlier. It was the lowest jobless rate since series began in 2004. The number of unemployed persons fell by 34.2 thousand to 168.2 thousand and the number of employed rose by 39.2 thousand to 794.3 thousand. Meanwhile, the labour force participation rate went up to 57.1 percent from 56.9 percent a year earlier and employment rate increased to 47.1 percent from 44.9 percent. In the first quarter of 2019, the unemployment rate was higher at 17.8 percent. Unemployment Rate in Macedonia averaged 30.38 percent from 1993 until 2019, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 17.50 percent in the second quarter of 2019.

Unemployment Rate in Macedonia is expected to be 17.20 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 16.40 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
2018-12-07 11:20 AM Unemployment Rate Q3 20.8% 21.1% 20.8%
2019-03-08 11:00 AM Unemployment Rate Q4 19.4% 20.8% 20.40%
2019-06-07 10:00 AM Unemployment Rate Q1 17.8% 19.4% 20.00%
2019-09-06 10:00 AM Unemployment Rate Q2 17.5% 17.8% 17.5%
2019-12-06 11:00 AM Unemployment Rate Q3 17.5% 17.2%


Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.50 17.80 38.70 17.50 percent [+]
Employed Persons 794283.00 789414.00 794283.00 498867.00 [+]
Unemployed Persons 168180.00 171329.00 330724.00 168180.00 [+]
Wages 37440.00 37520.00 37704.00 20029.00 MKD/Month [+]
Population 2.08 2.07 2.10 1.38 Million [+]
Part Time Employment 29.00 24.80 50.20 21.70 Thousand [+]
Wages In Manufacturing 31784.00 30903.00 31784.00 15955.00 MKD/Month [+]
Wage Growth 5.10 2.80 19.60 -4.50 percent [+]
Job Vacancies 7430.00 9100.00 9100.00 4604.00 [+]
Labor Force Participation Rate 57.10 57.10 57.80 50.30 percent [+]
Long Term Unemployment Rate 13.30 15.20 30.90 13.30 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.13 46.90 47.13 31.20 percent [+]
Full Time Employment 748.90 737.20 748.90 515.20 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
17.50 17.80 38.70 17.50 1993 - 2019 percent Quarterly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.10 Mar/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.20 Jul/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.40 Jul/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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