Long Term Unemployment Rate in Macedonia decreased to 12 percent in the fourth quarter of 2019 from 12.40 percent in the third quarter of 2019.

Long Term Unemployment Rate in Macedonia averaged 23.27 percent from 2006 until 2019, reaching an all time high of 30.90 percent in the third quarter of 2006 and a record low of 11.90 percent in the second quarter of 2019. This page provides - Macedonia Long Term Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Long Term Unemployment Rate - values, historical data and charts - was last updated on July of 2020.

Long Term Unemployment Rate in Macedonia is expected to be 13.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Macedonia to stand at 13.70 in 12 months time. In the long-term, the Macedonia Long Term Unemployment Rate is projected to trend around 13.70 percent in 2021 and 11.70 percent in 2022, according to our econometric models.

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Macedonia Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.40 30.90 11.90 2006 - 2019 percent Quarterly
NSA

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.20 16.60 38.70 16.20 percent [+]
Employed Persons 811106.00 807362.00 811106.00 498867.00 [+]
Unemployed Persons 156627.00 161242.00 330724.00 156627.00 [+]
Wages 38567.00 39437.00 41087.00 20029.00 MKD/Month [+]
Population 2.08 2.08 2.10 1.38 Million [+]
Job Vacancies 9075.00 9053.00 9100.00 4604.00 [+]
Labor Force Participation Rate 57.40 57.47 57.80 50.30 percent [+]
Long Term Unemployment Rate 12.00 12.40 30.90 11.90 percent [+]
Minimum Wages 12165.00 12008.00 12165.00 8050.00 MKD/Month [+]
Employment Rate 48.10 47.90 48.10 31.20 percent [+]
Full Time Employment 765.30 757.40 765.30 515.20 Thousand [+]
Wages In Manufacturing 34736.00 34630.00 34736.00 15955.00 MKD/Month [+]
Wage Growth 12.20 5.50 19.60 -4.50 percent [+]
Part Time Employment 35.50 32.10 50.20 21.70 Thousand [+]


Macedonia Long Term Unemployment Rate
In Macedonia, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.