Volume 3, Issue 4, December 2019, Page: 82-85
Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia)
Ilaz Ameti, Faculty for Bussines Administration, State University of Tetovo, Skopje, Republic of North Macedonia
Xhelal Luma, Food Biotechnology, St. Clement Ohrid University-Bitola, Republic of North Macedonia, Rezidence Republic of Kosova
Jerina Vukaj Nazaj, Faculty for Economy & Agrobussines, Agricultural University, UBT, Tirana, Republic of Albania
Received: Sep. 6, 2019;       Accepted: Oct. 30, 2019;       Published: Nov. 19, 2019
DOI: 10.11648/j.jppa.20190304.11      View  25      Downloads  14
Abstract
The labor market in the Republic of Macedonia is characterized by a high and ongoing unemployment rate. Slow economic growth does not allow the creation of new vacancies nor the maintenance of a stable employment rate. Unemployment is considered the country's main economic problem. In 2016, the average rate of unemployment was 28%. Most of the unemployed belong to the population aged 25 to 49, which accounts for over 60% of the total number of unemployed. On the other hand, inflation is also considered a main concern for the economy of the country. Its consequences are less obvious than the consequences of unemployment, but they do bring about also significant losses to the country's economy, leading to the redistribution of wealth between different classes or strata of society, inefficient allocation of production resources as well as the devaluation of our currency. The purpose of this paper is to analyze the relationship and impact of inflation and the economic growth in the unemployment of the Republic of Macedonia
Keywords
Employment, Economic Growth, Decision Making, Informal, Programs
To cite this article
Ilaz Ameti, Xhelal Luma, Jerina Vukaj Nazaj, Labor Market as a Parameter of Macroeconomic Policies (Case Study with the Northern Republic of Macedonia), Journal of Public Policy and Administration. Vol. 3, No. 4, 2019, pp. 82-85. doi: 10.11648/j.jppa.20190304.11
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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