Labor Force Participation Rate in Macedonia decreased to 55.83 percent in the third quarter of 2020 from 56.53 percent in the second quarter of 2020. source: State Statistical Office of the Republic of Macedonia

Labor Force Participation Rate in Macedonia averaged 56.21 percent from 2004 until 2020, reaching an all time high of 57.80 percent in the fourth quarter of 2010 and a record low of 50.30 percent in the fourth quarter of 2004. This page provides - Macedonia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Economic Activity Rate - values, historical data and charts - was last updated on January of 2021.

Labor Force Participation Rate in Macedonia is expected to be 56.91 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Macedonia to stand at 56.89 in 12 months time. In the long-term, the Macedonia Economic Activity Rate is projected to trend around 56.91 percent in 2021 and 56.93 percent in 2022, according to our econometric models.

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Macedonia Economic Activity Rate

Actual Previous Highest Lowest Dates Unit Frequency
55.83 56.53 57.80 50.30 2004 - 2020 percent Quarterly
NSA

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.50 16.70 38.70 16.20 percent [+]
Employed Persons 785561.00 793416.00 811106.00 498867.00 [+]
Unemployed Persons 155575.00 159623.00 330724.00 155575.00 [+]
Wages 41141.00 41654.00 41654.00 20029.00 MKD/Month [+]
Population 2.08 2.08 2.10 1.38 Million [+]
Job Vacancies 9075.00 9053.00 9100.00 4604.00 [+]
Labor Force Participation Rate 55.83 56.53 57.80 50.30 percent [+]
Long Term Unemployment Rate 11.70 12.00 30.90 11.70 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 46.60 47.06 48.10 31.20 percent [+]
Full Time Employment 765.30 757.40 765.30 515.20 Thousand [+]
Wages In Manufacturing 34524.00 33985.00 34736.00 15955.00 MKD/Month [+]
Wage Growth 8.50 7.70 19.60 -4.50 percent [+]
Part Time Employment 35.50 32.10 50.20 21.70 Thousand [+]