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.