Go to ...

Economics Gazette

Economy and Business news

RSS Feed

March 23, 2019

Unemployment in Bulgaria remains stable in October 2017


unemployment in bulgariaThe unemployment in Bulgaria remains stable in October 2017, standing at 6.1%, according to the latest Eurostat seasonally adjusted data. The unemployment rate in Bulgaria has remained stable over the past four months, ranging between 6.1% and 6.2%. On an annual basis, there is still a significant decrease, from 7.0% unemployment rate in October last year.

The unemployed people in Bulgaria in the tenth month of 2017 have a total of 203,000, according to data from the European statistics.

The youth unemployment rate in the country continues to decline steadily, albeit high. In October it reached 11.5%, but compared to just four months ago it was 2 percentage points higher. On an annual basis, youth unemployment rate recorded an even more significant decline, and in October 2016 it was 16.9%. A total of 19,000 young people under the age of 25 were unemployed in the ninth month of the year.

The unemployment within the EU dropped to 7.4% in October from 7.5% in September. The unemployment rate in the EU in October is the lowest since November 2008.


Leave a Reply

Your email address will not be published. Required fields are marked *