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Unemployment in Bulgaria falls to new low, 5.9% in June 2017 - Eurostat

Unemployment in Bulgaria falls to new low, 5.9% in June 2017 - Eurostat
Unemployment in Bulgaria has dropped to a new low, at 5.9 per cent in June 2017, down from 7.8 per cent in June 2016, according to figures released by EU statistics agency Eurostat on July 31.

Once again, unemployment in Bulgaria was lower than the EU average, which in June 2017 was 7.7 per cent, according to Eurostat, citing seasonally-adjusted figures.

The June 2016 figure for unemployment in Bulgaria meant that about 255 000 people were jobless. In June 2017, this fell to 195 000.

In July 2017, youth unemployment in Bulgaria was 13.2 per cent, representing about 20 000 people under 25. A year earlier, the figure was 16.7 per cent, about 27 000 young people.

The euro area (EA19) seasonally-adjusted unemployment rate was 9.1 per cent in June 2017, down from 9.2 per cent in May 2017 and down from 10.1 per cent in June 2016. This is the lowest rate recorded in the euro area since February 2009.

The EU28 unemployment rate was 7.7 per cent in June 2017, stable compared to May 2017 and down from 8.6 per cent in June 2016. This remains the lowest rate recorded in the EU28 since December 2008.

Eurostat estimated that 18.725 million men and women in the EU28, of whom 14.718 million in the euro area, were unemployed in June 2017.

Compared with May 2017, the number of people unemployed decreased by 183 000 in the EU28 and by 148 000 in the euro area. Compared with June 2016, unemployment fell by 2.368 million in the EU28 and by 1.667 million in the euro area.

Among EU countries, the lowest unemployment rates in June 2017 were recorded in the Czech Republic (2,9 per cent), Germany (3.8 per cent) and Malta (4.1 per cent).

The highest unemployment rates were observed in Greece (21.7 per cent in April 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 Estonia which showed an increase (from 6.5 per cent in May 2016 to 6.9 per cent in May 2017). The largest decreases were registered in Spain (from 19.9 per cent to 17.1 per cent) and Croatia (from 13.3 per cent to 10.6 per cent)

In June 2017, 3.710 million young people (under 25) were unemployed in the EU28, of whom 2.588 million were in the euro area.

Compared with June 2016, youth unemployment decreased by 586 000 in the EU28 and by 399 000 in the euro area.

In June 2017, the youth unemployment rate was 16.7 per cent in the EU28 and 18.7 per cent in the euro area, compared with 18.8 per cent and 21 per cent, respectively, in June 2016.

In June 2017, the lowest rate was observed in Germany (6.7 per cent), while the highest were recorded in Greece (45.5 per cent in April 2017), Spain (39.2 per cent) and Italy (35.4 per cent), Eurostat said./IBNA

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