Employment Rate in Macedonia increased to 47.90 percent in the fourth quarter of 2019 from 47.40 percent in the third quarter of 2019.

Employment Rate in Macedonia averaged 39.63 percent from 2004 until 2019, reaching an all time high of 47.90 percent in the fourth quarter of 2019 and a record low of 31.20 percent in the fourth quarter of 2004. This page provides - Macedonia Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Employment Rate - values, historical data and charts - was last updated on May of 2020.

Employment Rate in Macedonia is expected to be 44.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Macedonia to stand at 44.78 in 12 months time. In the long-term, the Macedonia Employment Rate is projected to trend around 44.81 percent in 2021 and 44.83 percent in 2022, according to our econometric models.

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Macedonia Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
47.90 47.40 47.90 31.20 2004 - 2019 percent Quarterly
NSA

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.60 17.10 38.70 16.60 percent [+]
Employed Persons 807362.00 799546.00 807362.00 498867.00 [+]
Unemployed Persons 161242.00 164702.00 330724.00 161242.00 [+]
Wages 39437.00 40588.00 41087.00 20029.00 MKD/Month [+]
Population 2.08 2.08 2.10 1.38 Million [+]
Job Vacancies 7791.00 7430.00 9100.00 4604.00 [+]
Labor Force Participation Rate 57.47 57.20 57.80 50.30 percent [+]
Long Term Unemployment Rate 12.00 12.40 30.90 11.90 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.90 47.40 47.90 31.20 percent [+]
Full Time Employment 765.30 757.40 765.30 515.20 Thousand [+]
Wages In Manufacturing 34736.00 34630.00 34736.00 15955.00 MKD/Month [+]
Wage Growth 12.20 5.50 19.60 -4.50 percent [+]
Part Time Employment 35.50 32.10 50.20 21.70 Thousand [+]


Macedonia Employment Rate
In Macedonia, the employment rate measures the number of people who have a job as a percentage of the working age population.