Unemployment Rate in Macedonia increased to 16.70 percent in the second quarter of 2020 from 16.20 percent in the first quarter of 2020.
Unemployment Rate in Macedonia averaged 29.66 percent from 1993 until 2020, reaching an all time high of 38.70 percent in the first quarter of 2005 and a record low of 16.20 percent in the first quarter of 2020. 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 2020.
Unemployment Rate in Macedonia is expected to be 20.80 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 21.00 in 12 months time. In the long-term, the Macedonia Unemployment Rate is projected to trend around 19.00 percent in 2021 and 17.00 percent in 2022, according to our econometric models.