The unemployment rate in Macedonia dropped to 16.2 percent in the first quarter of 2020 from 17.8 percent in the same period of the previous year. It was the lowest jobless rate since the series began in 2004, as the number of unemployed decreased by 14.7 thousand to 156,627 and the number of employed rose by 21.7 thousand to 811,106. Meantime, the activity rate went up to 57.4 percent from 57.1 percent in Q1 2019 and the employment rate also increased to 48.1 percent from 46.9 percent in the same period a year ago. In the last quarter of 2019, the jobless rate was higher at 16.6 percent.

Unemployment Rate in Macedonia averaged 29.83 percent from 1993 until 2020, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 16.20 percent in the first quarter of 2020. 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 2020.

Unemployment Rate in Macedonia is expected to be 20.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Macedonia to stand at 21.00 in 12 months time. In the long-term, the Macedonia Unemployment Rate is projected to trend around 19.00 percent in 2021 and 17.00 percent in 2022, according to our econometric models.

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Macedonia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.20 16.60 38.70 16.20 1993 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-06 10:00 AM Q2 17.5% 17.8% 17.5%
2019-12-06 11:00 AM Q3 17.1% 17.5% 17.2%
2020-03-06 11:00 AM Q4 16.6% 17.1% 17%
2020-06-04 10:00 AM Q1 16.2% 16.6% 17.2%
2020-09-04 10:00 AM Q2 16.2% 19.3%
2020-12-04 11:00 AM Q3 20.8%


News Stream
Macedonia Jobless Rate Drops to Fresh Record Low
The unemployment rate in Macedonia dropped to 16.2 percent in the first quarter of 2020 from 17.8 percent in the same period of the previous year. It was the lowest jobless rate since the series began in 2004, as the number of unemployed decreased by 14.7 thousand to 156,627 and the number of employed rose by 21.7 thousand to 811,106. Meantime, the activity rate went up to 57.4 percent from 57.1 percent in Q1 2019 and the employment rate also increased to 48.1 percent from 46.9 percent in the same period a year ago. In the last quarter of 2019, the jobless rate was higher at 16.6 percent.
2020-06-04
Macedonia Jobless Rate Falls to New Low of 16.6%
The unemployment rate in Macedonia dropped to 16.6 percent in the fourth quarter of 2019 from 19.4 percent in the same period of the previous year. It was the lowest jobless rate since the series began in 2004, as the number of unemployed decreased by 24.6 thousand to 161,242 and the number of employed rose by 35.6 thousand to 807,362. Meantime, the activity rate went up to 57.5 percent from 56.9 percent in Q4 2018 and the employment rate also increased to 47.9 percent from 45.9 percent in the same period a year ago.
2020-03-06
Macedonia Jobless Rate Falls to New Record Low
The unemployment rate in Macedonia decreased to 17.1 percent in the third quarter 2019 from 17.5 percent in the previous period. It was the lowest jobless rate since series began in 2004, as the number of unemployed persons fell by 3,478 to 164,702 while employment rose by 5,263 to 799,546. Meantime, the labour force participation rate went up to 57.2 percent from 57.1 percent and employment rate increased to 47.4 percent from 47.1 percent.
2019-12-06
Macedonia Jobless Rate Falls to Fresh All-time Low
The unemployment rate in Macedonia decreased to 17.5 percent in the second quarter of 2019 from 21.1 percent in the same period a year earlier. It was the lowest jobless rate since series began in 2004. The number of unemployed persons fell by 34.2 thousand to 168.2 thousand and the number of employed rose by 39.2 thousand to 794.3 thousand. Meanwhile, the labour force participation rate went up to 57.1 percent from 56.9 percent a year earlier and employment rate increased to 47.1 percent from 44.9 percent. In the first quarter of 2019, the unemployment rate was higher at 17.8 percent.
2019-09-06

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.