Unemployment Rate for North Macedonia

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 13.42 percent as of 12/31/2024.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.243 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.243.
The 3 year change in percentage points is -2.38.
The 5 year change in percentage points is -4.00.
The 10 year change in percentage points is -14.80.

The Serie's long term average value is 28.47 percent. It's latest available value, on 12/31/2024, is 15.06 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2023, to it's latest available value, on 12/31/2024, is +0.243.
The Serie's change in percentage points from it's maximum value, on 12/31/1996, to it's latest available value, on 12/31/2024, is -25.38.