Long Term Unemployment Rate in Macedonia increased to 12.40 percent in the third quarter of 2019 from 11.90 percent in the second quarter of 2019.

Long Term Unemployment Rate in Macedonia averaged 23.47 percent from 2006 until 2019, reaching an all time high of 30.90 percent in the third quarter of 2006 and a record low of 11.90 percent in the second quarter of 2019. This page provides - Macedonia Long Term Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Long Term Unemployment Rate in Macedonia is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Macedonia to stand at 10.60 in 12 months time. In the long-term, the Macedonia Long Term Unemployment Rate is projected to trend around 10.60 percent in 2020, according to our econometric models.


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Macedonia Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.40 11.90 30.90 11.90 2006 - 2019 percent Quarterly
NSA

Macedonia Long Term Unemployment Rate
In Macedonia, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 17.10 17.50 38.70 17.10 percent [+]
Employed Persons 799546.00 794283.00 799546.00 498867.00 [+]
Unemployed Persons 164702.00 168180.00 330724.00 164702.00 [+]
Wages 38319.00 38227.00 38319.00 20029.00 MKD/Month [+]
Population 2.08 2.07 2.10 1.38 Million [+]
Part Time Employment 32.10 34.20 50.20 21.70 Thousand [+]
Wages In Manufacturing 32128.00 31588.00 32128.00 15955.00 MKD/Month [+]
Wage Growth 5.00 5.30 19.60 -4.50 percent [+]
Job Vacancies 7430.00 9100.00 9100.00 4604.00 [+]
Labor Force Participation Rate 57.20 57.10 57.80 50.30 percent [+]
Long Term Unemployment Rate 12.40 11.90 30.90 11.90 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 47.40 47.13 47.40 31.20 percent [+]
Full Time Employment 757.40 750.40 757.40 515.20 Thousand [+]