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Country Report Macedonia Product Image

Country Report Macedonia

  • Published: June 2014
  • Region: Macedonia
  • 28 Pages
  • The Economist Intelligence Unit

Labour force survey data released by the State Statistical Office (SSO) show that the unemployment rate in the first quarter of 2014 fell to 28.4%, compared with 28.6% in the previous three months.

Positive momentum in the labour market was also recorded in year-on-year terms, with the jobless rate in the first quarter of 2013 having stood at 29.9%. The rate in the first quarter of 2014 represents the lowest rate of unemployment recorded in Macedonia for many years. In absolute terms, the number of jobless people decreased to 272,115 in January-March, compared with 284,823 in the same period of 2013. The activity rate also increased to 57.3% in the first quarter of 2014, compared with 57% a year earlier. Most significantly, total employment as a share of the working-age population reached 41% in the first quarter, against 30% 12 months earlier.

The manufacturing industry and agriculture, hunting and forestry were responsible for around 19% of total employment, retail trade for 14% of employment and construction for 6.6%. Over 52% of those employed in manufacturing were engaged in Macedonia's two leading sectors: almost 39% in the textile and leather industry, and 14% in metal-related industries.

Country Report Macedonia

Unemployment rate decreased to 28.4% in Q1
Impact on the forecast

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