The unemployment rate in Macedonia dropped to 16 percent in the first quarter of 2021 from 16.2 percent in the same period of the previous year. It was the third consecutive decline in jobless rate to its lowest level since the series began in 2004. The number of unemployed persons decreased by 5.8 thousand to 150 thousand, while the number of employed fell by 17.9 thousand to 793 thousand. Therefore, the activity rate edged down to 56.0 percent from 57.4 percent a year earlier, and the employment rate slowed down to 47.1 percent from 48.1 percent. source: State Statistical Office of the Republic of Macedonia
Unemployment Rate in Macedonia averaged 29.16 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 16 percent in the first 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 July of 2021.
Unemployment Rate in Macedonia is expected to be 16.20 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 18.60 in 12 months time. In the long-term, the Macedonia Unemployment Rate is projected to trend around 17.00 percent in 2022 and 16.00 percent in 2023, according to our econometric models.