Unemployment in Bulgaria in October 2017 was 6.1 per cent, again below EU average - Eurostat

Unemployment in Bulgaria in October 2017 was 6.1 per cent, again below EU average - Eurostat
Unemployment in Bulgaria in October 2017 was 6.1 per cent, again below the European Union average, which that month was 7.4 per cent, EU statistics agency Eurostat said on November 30.

Bulgaria's October unemployment figure represented about 203 000 people, down from the 226 000 people (seven per cent) unemployed in October 2016.

In Bulgaria in October 2017, youth unemployment was 11.5 per cent, down from 16.9 per cent in October 2016, going by Eurostat's figures, which were seasonally-adjusted.

Eurostat said that the 19-member euro zone, of which Bulgaria is not part, had unemployment of 8.8 per cent in October 2017, down from 8.9 per cent in September 2017 and from 9.8 per cent in October 2016. This is the lowest rate recorded in the euro area since January 2009.

The EU28 unemployment rate in October 2017 was down from 7.5 per cent in September 2017 and from 8.3 per cent in October 2016. This October 2017 rate was the lowest recorded in the EU28 since November 2008.

Eurostat estimates that 18.243 million men and women in the EU28, of whom 14.344 million in the euro zone, were unemployed in October 2017.

Compared with September 2017, the number of unemployed people decreased by 111 000 in the EU28 and by 88 000 in the euro area.

Compared with October 2016, unemployment fell by 2.074 million in the EU28 and by 1.473 million in the euro area.

Among the member states, the lowest unemployment rates in October 2017 were recorded in the Czech Republic (2.7 per cent), Malta (3.5 per cent) and Germany (3.6 per cent).

The highest were in Greece (20.6 per cent in August 2017) and Spain (16.7 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 Cyprus (from 13.1 per cent to 10.2 per cent) and Greece (from 23.4 per cent to 20.6 per cent between August 2016 and August 2017).

In October 2017, 3.722 million young people (under 25) were unemployed in the EU28, of whom 2.657 million were in the euro area.

Compared with October 2016, youth unemployment decreased by 380 000 in the EU28 and by 201 000 in the euro area.

In October 2017, the youth unemployment rate was 16.5 per cent in the EU28 and 18.6 per cent in the euro area, compared with 18.2 per cent and 20.3 per cent respectively in October 2016.

In October 2017, the lowest rates of youth unemployment were in Germany (6.6 per cent) and the Czech Republic (7.2 per cent), while the highest were recorded in Greece (40.2 per cent in August 2017), Spain (38.2 per cent) and Italy (34.7 per cent), Eurostat said./IBNA

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