The unemployment rate in Macedonia fell for the sixth consecutive quarter to 15.2 percent in the fourth quarter of 2021, compared to 16.1 percent in the same period of the previous year. It was the lowest jobless rate since comparable data began in 2004, as the number of unemployed persons declined by 9.8 thousand to 142.2 thousand, while the number of employed rose by 5.7 thousand to 795.3 thousand. Meanwhile, the labour force participation rate edged down to 55.7 percent from 55.9 percent a year ago, and the employment rate increased to 47.3 percent from 46.8 percent. source: State Statistical Office of the Republic of Macedonia
Unemployment Rate in Macedonia averaged 28.67 percent from 1993 until 2021, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 15.20 percent in the fourth quarter of 2021. 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 May of 2022.
Unemployment Rate in Macedonia is expected to be 15.00 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.