The unemployment rate in Macedonia decreased for a second straight quarter to a record low of 15.9 percent in the second quarter of 2021, compared to 16.7 percent in the same period of the previous year. The number of unemployed persons decreased by 9.5 thousand to 150.1 thousand, while the number of employed increased by 1.8 thousand to 795.3 thousand. Meanwhile, the labour force participation rate ticked down to 56 percent from 56.5 percent a year earlier, and the employment rate slowed down to 47.3 percent from 47.06 percent. source: State Statistical Office of the Republic of Macedonia
Unemployment Rate in Macedonia averaged 28.99 percent from 1993 until 2021, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 15.90 percent in the second quarter of 2021. 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 October of 2021.
Unemployment Rate in Macedonia is expected to be 15.60 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 14.20 percent in 2022 and 13.10 percent in 2023, according to our econometric models.