Unemployment in Bulgaria in January 2018 was 5.9%, down from 6.6% a year earlier - Eurostat

Unemployment in Bulgaria in January 2018 was 5.9%, down from 6.6% a year earlier - Eurostat

Unemployment in Bulgaria in January 2018 was 5.9 per cent, down from 6.6 per cent in January 2017 and again below the average for the European Union, which was 7.3 per cent.

The unemployment figure in Bulgaria in January 2018 represented about 204 000 people. In the first month of 2017, the figure was about 217 000 people.

However, while youth unemployment in Bulgaria showed a nominal decrease over the past year, from 14 per cent in January 2017 to 11.8 per cent in January 2018, the figures represented, respectively, about 22 000 and 24 000 under-25s.

Eurostat said that unemployment in the EU was the lowest since October 2008. It estimated that that 17.931 million men and women in the EU28, of whom 14.111 million in the euro zone, were unemployed in January 2018.

The euro zone (EA19) seasonally-adjusted unemployment rate was 8.6 per cent in January 2018, stable compared to December 2017 and down from 9.6 per cent in January 2017. This is the lowest rate recorded in the euro area since December 2008.

Compared with January 2017, unemployment fell by 1.867 million in the EU28 and by 1.429 million in the euro area.

Among EU countries, the lowest unemployment rates in January 2018 were recorded in the Czech Republic (2.4 per cent), Malta (3.5 per cent) and Germany (3.6 per cent).

Unemployment was highest in Greece (20.9 per cent in November 2017) and Spain (16.3 per cent).

Compared with a year ago, the unemployment rate fell in all EU countries, Eurostat said.

The largest decreases were registered in Cyprus (from 12.6 per cent to 9.8 per cent), Greece (from 23.3 per cent to 20.9 per cent between November 2016 and November 2017), Croatia (from 12.2 per cent to 9.8 per cent), Portugal (from 10.1 per cent to 7.9 per cent) and Spain (from 18.4 per cent to 16.3 per cent).

In January 2018, 3.646 million young people (under 25) were unemployed in the EU28, of whom 2.535 million were in the euro zone.

Compared with January 2017, youth unemployment decreased by 333 000 in the EU28 and by 280 000 in the euro area.

In January 2018, the youth unemployment rate was 16.1 per cent in the EU28 and 17.7 per cent in the euro area, compared with 17.6 per cent and 19.9 per cent respectively in January 2017.

In January 2018, the lowest rates of youth unemployment were in the Czech Republic (5.8 per cent), Estonia (6.5 per cent in December 2017) and Germany (6.6 per cent) while the highest were recorded in Greece (43.7 per cent in November 2017), Spain (36 per cent) and Italy (31.5 per cent), Eurostat said..../IBNA

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