The unemployment rate in Macedonia fell for the seventh consecutive quarter to 14.8 percent in the first quarter of 2022, compared to 16 percent in the same period of the previous year. It was the lowest jobless rate since comparable data began in 2004. The number of unemployed persons declined by 31.2 thousand to 119.6 thousand, and the number of employed also dropped by 102 thousand to 691.4 thousand. Meanwhile, the labor force participation rate edged down to 55.3 percent from 56 percent a year ago, and the employment rate registered a minuscule increase to 47.1 percent from 47.05 percent. source: State Statistical Office of the Republic of Macedonia
Unemployment Rate in Macedonia averaged 28.50 percent from 1993 until 2022, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 14.80 percent in the first quarter of 2022. This page provides - Macedonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Unemployment Rate in Macedonia is expected to be 14.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Unemployment Rate is projected to trend around 13.10 percent in 2023, according to our econometric models.