Macedonia Unemployment Rate

Last Release

Dec 31, 2023

Actual

Units In

13.4

Frequency

Quarterly

Next Release

Mar 07, 2025

Time to Release

2 Months 28 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
38.7 Mar 2005	13 Dec 2023	27.68 %	1993-2023	State Statistical Office of the Republic of Macedonia

In Macedonia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Latest Updates

The unemployment rate in North Macedonia dropped to 12.3% in the third quarter of 2024, down from 12.8% in the corresponding period of the previous year, marking a new record low. The number of unemployed persons decreased by 3.8 thousand to 98.3 thousand, while the employed persons increased by 5.6 thousand to 698.4 million. The employment rate rose to 46.1% in the third quarter of 2024 from 45.7% in the same period last year. Meanwhile, the labor force participation rate edged higher to 52.6% from 52.4% in the third quarter of 2023.