Macedonia Unemployment Rate  Forecast


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Unemployment Rate in Macedonia is expected to be 22.00 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 21.90 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 Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 22.6 22 21.7 21.5 21.9 16.5
Employed Persons 739892 738636 737370 738407 738469 732268
Unemployed Persons 215807 216836 217155 218264 219172 228921
Wages 33675 33573 33550 33528 33507 33318
Population 2.07 2.07 2.08 2.08 2.08 2.09
Job Vacancies 7871 7477 7079 6820 6499 6536
Labor Force Participation Rate 56.9 56.6 56.62 56.66 56.6 56.33
Minimum Wages 231 234 233 231 231 219
Part Time Employment 37.2 34.3 34.69 34.96 35.01 34.89
Full Time Employment 704 686 688 687 685 680
Employment Rate 44.1 43.97 43.86 43.95 43.98 43.61
Wage Growth 1 2.05 1.95 1.9 1.87 1.92