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Unemployment in Bulgaria at 5.9 per cent in July 2017, again below EU average

Unemployment in Bulgaria at 5.9 per cent in July 2017, again below EU average
Unemployment in Bulgaria was 5.9 per cent in July 2017, down from 7.6 per cent in July 2016 and again below the European Union average, according to figures released on August 31 by EU statistics agency Eurostat.

The unemployment rate in Bulgaria in July 2017 represented about 194 000 people. In July 2016, the figure was about 246 000 people.

In July 2017, youth unemployment in Bulgaria was 13.7 per cent, about 20 000 under-25s. In July 2016, youth unemployment was 17.5 per cent, about 27 000 under-25s.

The euro area (EA19) seasonally-adjusted unemployment rate was 9.1 per cent in July 2017, stable compared to June 2017 and down from 10.0 per cent in July 2016. This is the lowest rate recorded in the euro area since February 2009.

The EU28 unemployment rate was 7.7 per cent in July 2017, stable compared to June 2017 and down from 8.5 per cent in July 2016. This remains the lowest rate recorded in the EU28 since December 2008.

Eurostat estimates that 18.916 million men and women in the EU28, of whom 14.860 million in the euro area, were unemployed in July 2017.

Compared with June 2017, the number of unemployed people increased by 93 000 in the EU28 and by 73 000 in the euro area.

Compared with July 2016, unemployment fell by 1.928 million in the EU28 and by 1.309 million in the euro area.

Among EU countries, the lowest unemployment rates in July 2017 were recorded in the Czech Republic (2.9 per cent), Germany (3.7 per cent) and Malta (4.1 per cent).

The highest unemployment rates were observed in Greece (21.7 per cent in May 2017) and Spain (17.1 per cent).

Compared with a year ago, the unemployment rate fell in all EU countries for which data is comparable over time, except Finland where it remained stable.

The largest decreases were registered in Croatia (from 13.2 per cent to 10.6 per cent), Spain (from 19.6 per cent to 17.1 per cent), Slovakia (from 9.7 per cent to 7.3 per cent) and Cyprus (from 13 per cent to 10.8 per cent).

In July 2017, 3.792 million young people (under 25) were unemployed in the EU28, of whom 2.670 million were in the euro area.

Compared with July 2016, youth unemployment decreased by 450 000 in the EU28 and by 272 000 in the euro area.

In July 2017, the youth unemployment rate was 16.9 per cent in the EU28 and 19.1 per cent in the euro area, compared with 18.7 per cent and 20.8 per cent respectively in July 2016. In July 2017, the lowest rate was observed in Germany (6.5 per cent), while the highest were recorded in Greece (44.4 per cent in May 2017), Spain (38.6 per cent) and Italy (35.5 per cent), Eurostat said./IBNA

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