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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MacedoniaMacedonia Unemployment Rate fell to 11.3% in January 2026
FMPMonthlyReleased May 2026
Macedonia Unemployment Rate fell to 11.3% in January 2026, released May 2026, down 0.1% from December's 11.4% reading. The reading matched expectations. Unemployment Rate has now declined for 3 consecutive months. Unemployment Rate is now the lowest in 30 months.
Latest Release
11.3
Actual
11.3
Consensus
11.4
Previous
Median Absolute Error
±0.3 percentage points
across last 11 releases
Last Call
May 2026
Predicted: 11.3
Actual: 11.3
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate (Macedonia) was reported at 11.3% in May 2026. This matched the market consensus of 11.3% exactly. The reading fell from the previous value of 11.4%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 11.4%, down from the prior three at 11.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 11 releases, the Sigmacast model's median absolute error is 0.3%.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Unemployment Rate - MK
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About Unemployment Rate — Macedonia
DEFINITION
The Unemployment Rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job and actively seeking employment. It is used to assess the health of the job market and the overall state of the economy. A high unemployment rate can indicate a weak economy, while a low unemployment rate can suggest a strong and growing economy. This data is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 11.3 %, consensus 11.3 %. Prior reading (Oct 2025): 11.4 %. Before that (Jul 2025): 11.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.