Macedonia’s unemployment rate drops 1.7 pps y/y to 29.9% in Q1 2013.

By bne IntelliNews June 17, 2013

Macedonia's unemployment rate decreased by 1.7 pps y/y to 29.9% in Q1 2013, according to data of the statistics office. In q/q terms, the rate declined by 0.7 pps from 30.6% in Q4 2012. The labour force rose by 1.4% on the year to 953,780 in Q1. The number of the employed increased by 3.9% y/y to 668,957, while the number of the unemployed dropped by 4.2% y/y to 284,823.

In Q1, the unemployment rates for the age groups 15-24, 25-49 and 50-64 years were 53.5%, 28.3% and 24.8%, respectively. The unemployment rate for the age group 15-64 was 30.1%, while the rate for those aged 65 years and more was 6.1%.

Earlier this month, the government said that 224,157 persons have confirmed their registrations as unemployed with the state employment agency. The figure includes 98,726 people actively seeking a job and 125,431 persons who are not active job seekers. The above number of registered unemployed is significantly below the survey-based estimates reported quarterly by the statistics office, which we consider a more reliable source.

Related Articles

Local elections to test balance of power in Macedonia

Macedonia’s October 15 local elections are seen as a popularity test for both the governing Social Democratic Union of Macedonia (SDSM) and for VMRO-DPMNE, which went into opposition in May after ... more

Macedonia issues first sentence for parliament violence

A Macedonian court has sentenced the attacker of a former opposition MP to four years in prison, media in Skopje said on October 12. The assault took place during the protests in the ... more

Macedonian businessman plans comeback after accusing ex-PM of destroying flagship development

Macedonia’s FON University, owned by businessman Fijat Canoski, has signed a memorandum of cooperation with investors China’s Yida Construction and local firm FINE to build a university campus ... more

Dismiss