Labor Force Participation Rate in Macedonia increased to 56 percent in the first quarter of 2021 from 55.86 percent in the fourth quarter of 2020. source: State Statistical Office of the Republic of Macedonia

Labor Force Participation Rate in Macedonia averaged 56.20 percent from 2004 until 2021, reaching an all time high of 57.80 percent in the fourth quarter of 2010 and a record low of 50.30 percent in the fourth quarter of 2004. This page provides - Macedonia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Economic Activity Rate - values, historical data and charts - was last updated on August of 2021.

Labor Force Participation Rate in Macedonia is expected to be 56.91 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Macedonia to stand at 56.89 in 12 months time. In the long-term, the Macedonia Economic Activity Rate is projected to trend around 56.91 percent in 2022 and 56.93 percent in 2023, according to our econometric models.

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Macedonia Economic Activity Rate

Actual Previous Highest Lowest Dates Unit Frequency
56.00 55.86 57.80 50.30 2004 - 2021 percent Quarterly
NSA

Macedonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.00 16.10 38.70 16.00 percent [+]
Employed Persons 793121.00 789552.00 811106.00 498867.00 [+]
Unemployed Persons 150843.00 151972.00 330724.00 150843.00 [+]
Wages 42917.00 42441.00 42917.00 20029.00 MKD/Month [+]
Population 2.08 2.08 2.10 1.38 Million [+]
Job Vacancies 7916.00 8364.00 9100.00 4604.00 [+]
Labor Force Participation Rate 56.00 55.86 57.80 50.30 percent [+]
Long Term Unemployment Rate 12.90 12.80 30.90 11.70 percent [+]
Full Time Employment 753.30 748.20 768.30 515.20 Thousand [+]
Employment Rate 47.05 46.84 48.10 31.20 percent [+]
Part Time Employment 25.60 27.50 50.20 21.70 Thousand [+]
Minimum Wages 14500.00 14500.00 14500.00 8050.00 MKD/Month [+]
Wages In Manufacturing 35192.00 35481.00 36741.00 15955.00 MKD/Month [+]
Wage Growth 0.80 0.80 19.60 -4.50 percent [+]