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.


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Macedonia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 21.1 20.4 20 19.7 20.3 16.5
Employed Persons 755073 762532 766277 770824 775319 811793
Unemployed Persons 202398 197312 194632 192094 189634 170685
Wages 35573 36000 35000 35482 35482 38000
Population 2.08 2.08 2.08 2.08 2.08 2.09
Wage Growth 4.6 5.24 3.94 3.6 3.1 3.79
Job Vacancies 7199 7160 7382 7099 7176 6816
Labor Force Participation Rate 56.91 56.85 56.89 56.91 56.9 56.93
Long Term Unemployment Rate 15.5 14.84 14.43 14.07 13.72 10.67
Minimum Wages 12165 12165 13400 13400 13400 14900
Part Time Employment 26.6 33.53 32.36 32 31.57 31.6
Full Time Employment 716 723 727 731 735 770
Employment Rate 44.88 44.7 44.77 44.9 44.87 44.83