The unemployment rate in North Macedonia dropped to 13.0% in the fourth quarter of 2023, down from 14.3% in the same period of 2022, as the number of unemployed individuals declined by 9.2 thousand to 103.0 thousand. Meanwhile, the number of employed people also decreased by 2.6 thousand to 687.5 thousand. The employment rate declined to 45.4% in the last three months of 2023 from 47.2% in the same period of 2022, while the activity rate decreased to 52.2% from 54.9%. source: State Statistical Office of the Republic of Macedonia

Unemployment Rate in Macedonia increased to 13 percent in the fourth quarter of 2023 from 12.80 percent in the third quarter of 2023. Unemployment Rate in Macedonia averaged 27.38 percent from 1993 until 2023, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 12.80 percent in the third quarter of 2023. This page provides - Macedonia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. North Macedonia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2024.

Unemployment Rate in Macedonia increased to 13 percent in the fourth quarter of 2023 from 12.80 percent in the third quarter of 2023. Unemployment Rate in Macedonia is expected to be 13.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Unemployment Rate is projected to trend around 12.90 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-12-07 11:00 AM
Unemployment Rate
Q3 12.8% 13.1% 13.0%
2024-03-08 11:00 AM
Unemployment Rate
Q4 13% 12.8% 12.7%
2024-06-07 10:00 AM
Unemployment Rate
Q1 13% 13.30%


Related Last Previous Unit Reference
Employed Persons 687459.00 692768.00 Dec 2023
Employment Rate 45.40 45.70 percent Dec 2023
Job Vacancies 9518.00 10224.00 Dec 2023
Labor Force Participation Rate 52.20 52.40 percent Dec 2023
Long Term Unemployment Rate 11.50 12.50 percent Dec 2022
Unemployed Persons 102980.00 102134.00 Dec 2023
Unemployment Rate 13.00 12.80 percent Dec 2023
Wages 60803.00 58967.00 MKD/Month Mar 2024
Wages in Manufacturing 51026.00 51034.00 MKD/Month Feb 2024

North 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.
Actual Previous Highest Lowest Dates Unit Frequency
13.00 12.80 38.70 12.80 1993 - 2023 percent Quarterly


News Stream
North Macedonia Jobless Rate Falls in Q4
The unemployment rate in North Macedonia dropped to 13.0% in the fourth quarter of 2023, down from 14.3% in the same period of 2022, as the number of unemployed individuals declined by 9.2 thousand to 103.0 thousand. Meanwhile, the number of employed people also decreased by 2.6 thousand to 687.5 thousand. The employment rate declined to 45.4% in the last three months of 2023 from 47.2% in the same period of 2022, while the activity rate decreased to 52.2% from 54.9%.
2024-03-08
Macedonia Jobless Rate at 13.2% in Q2 2023
The unemployment rate in North Macedonia stood at 13.2 percent in the second quarter of 2023. Additionally, there were 103.9 thousand individuals classified as unemployed, while 690 thousand were labeled as employed during the same period. Meanwhile, the employment rate was 45.5 percent and the activity rate was 52.4 percent.
2023-09-07
Macedonia Jobless Rate Hits New Record Low
The unemployment Rate in North Macedonia fell further to 13.4 percent in the first quarter of 2023, down from 14 percent in the previous period. This was the lowest jobless rate since comparable records began in 1993, as the number of unemployed declined by 8 thousand to 104.4 thousand and the number of employed was also down by 13 thousand to 683 thousand. Meanwhile, the employment rate edged down to 45.1 percent from 47.2 percent, while the activity rate slumped to 52 percent from 54.9 percent.
2023-06-09