Long Term Unemployment Rate in Macedonia increased to 12.90 percent in the fourth quarter of 2020 from 12.80 percent in the third quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Macedonia averaged 22.54 percent from 2006 until 2020, reaching an all time high of 30.90 percent in the third quarter of 2006 and a record low of 11.70 percent in the first quarter of 2020. 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 June of 2021.

Long Term Unemployment Rate in Macedonia is expected to be 13.40 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 15.70 in 12 months time. In the long-term, the Macedonia Long Term Unemployment Rate is projected to trend around 14.10 percent in 2022 and 13.10 percent in 2023, according to our econometric models.

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Macedonia Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.90 12.80 30.90 11.70 2006 - 2020 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 42097.00 41704.00 42227.00 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 3.40 19.60 -4.50 percent [+]


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.