Macedonia Unemployment Rate  Forecast


Unemployment Rate in Macedonia is expected to be 22.20 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 21.50 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 22.6 22.2 22 21.7 21.5 16.5
Employed Persons 739892 741382 738636 737370 738407 732268
Unemployed Persons 215807 216451 216836 217155 218264 228921
Wages 33328 33511 33525 33511 33510 33512
Population 2.07 2.07 2.07 2.08 2.08 2.09
Part Time Employment 37.2 34.35 34.5 34.71 34.88 34.88
Minimum Wages 231 234 235 234 234 234
Job Vacancies 7871 8207 8208 7935 7761 7577
Labor Force Participation Rate 56.9 56.75 56.6 56.62 56.66 56.33
Full Time Employment 691 695 698 704 708 743
Employment Rate 44.1 44.19 43.97 43.86 43.95 43.61
Wage Growth 2.2 3.69 3.2 2.95 2.88 2.98