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.

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Macedonia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-04 11:00 AM Q4 15.2% 15.7% 16%
2022-06-03 11:00 AM Q1 14.8% 15.2% 14.9%
2022-09-02 10:00 AM Q2 14.8%


Related Last Previous Unit Reference
Unemployment Rate 14.80 15.20 percent Mar 2022
Unemployed Persons 119699.00 142206.00 Mar 2022
Employed Persons 691498.00 795276.00 Mar 2022
Wages 47092.00 46430.00 MKD/Month Apr 2022
Labor Force Participation Rate 55.30 55.70 percent Mar 2022
Employment Rate 47.10 47.30 percent Mar 2022
Wages In Manufacturing 37550.00 38185.00 MKD/Month Jan 2022
Job Vacancies 7979.00 8595.00 Dec 2021

Macedonia Unemployment Rate
In Macedonia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
14.80 15.20 38.70 14.80 1993 - 2022 percent Quarterly

News Stream
Macedonia Jobless Rate Renews Record Low
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.
2022-06-03
Macedonia Jobless Rate Hits New Record Low
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.
2022-03-04
Macedonia Jobless Rate Lowest Since 2004
The unemployment rate in Macedonia fell for a fifth consecutive quarter to a record low of 15.7 percent in the third quarter of 2021, compared to 16.5 percent in the same period of the previous year. The number of unemployed persons declined by 7.1 thousand to 148.5 thousand, while the number of employed rose by 11.1 thousand to 796.7 thousand. At the same time, the labour force participation rate edged up to 56.2 percent from 55.8 percent a year ago, and the employment rate increased to 47.4 percent from 46.6 percent.
2021-12-03