Macedonia Unemployment Rate - Forecast

Unemployment Rate in Macedonia is expected to be 21.50 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 22.20 in 12 months time. In the long-term, the Macedonia Unemployment Rate is projected to trend around 16.50 percent in 2020, according to our econometric models.


Macedonia Unemployment Rate
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Macedonia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 21.9 21.5 21.9 20.4 22.2 16.5
Employed Persons 745206 742861 742849 742850 742850 742850
Unemployed Persons 208486 211882 211885 211885 211885 211885
Wages 33994 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 6534 6738 6442 6225 6118 6530
Labor Force Participation Rate 56.8 56.83 56.84 56.84 56.84 56.84
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 44.3 44.21 44.21 44.21 44.21 44.21