Macedonia Unemployment Rate - Forecast

Unemployment Rate in Macedonia is expected to be 20.80 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 19.70 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.


Forecast Data Chart
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Macedonia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 21.1 20.8 20.4 20 19.7 16.5
Employed Persons 755073 759244 762532 766277 770824 811793
Unemployed Persons 202398 199975 197312 194632 192094 170685
Wages 35322 35100 36000 35000 35417 38000
Population 2.08 2.08 2.08 2.08 2.08 2.09
Wage Growth 1 1.51 1.69 1.32 1.47 1.44
Job Vacancies 8331 8194 7762 7983 7849 7917
Labor Force Participation Rate 56.91 56.86 56.85 56.89 56.91 56.93
Long Term Unemployment Rate 15.3 14.69 14.32 13.9 13.5 9.77
Minimum Wages 12165 12165 12165 13400 13400 14900
Part Time Employment 25.5 34.41 33.64 32.52 32.21 32.05
Full Time Employment 711 724 725 728 734 772
Employment Rate 44.88 44.82 44.7 44.77 44.9 44.83