Bulgaria: Number of employees drops 3% according to NSI

Bulgaria: Number of employees drops 3% according to NSI

The National Statistical Institute announced that economic activity for the population aged 15-64 has dropped to 72.7% compared to Q4 of 2019, marking a decrease of 0.3 percentage points.

Employment rate for the population aged 15-64 fell 1.2% compared to the same quarter of 2019, at 68.8%.

Unemployment rate was found at 5.2% or 1.1% up from Q4 2019.

Discouraged people aged 15-64 amount to 62.1 thousand, accounting for 5.2% of the economically inactive people in the same age group.

In the fourth quarter of 2020, the total number of employed people aged 15 and over was 3,126.9 thousand, of which 1,692.3 thousand were men and 1,434.5 thousand were women. Compared to Q4 2019, the number of employees dropped 3.0%. The relative share of employees in the population aged 15 and over is 52.9%, while for men this percentage is 59.8% and 46.6% for women.

In Q4 2020, 1,959.2 thousand or 62.7% of the employed worked in the service sector, 963.6 thousand (30.8%) in industry and 204.0 thousand (6.5%) in rural, forestry and fisheries economy. Compared to the same quarter of 2019, the number of employees fell in all economic sectors, yet the steepest decrease was observed in the services sector by 74.0 thousand or 3.6%.

3.8% of the total workforce (118.6 thousand) are employers, 6.8% (211.9 thousand) are self-employed (excluding employees), 88.9% (2,780.1 thousand) are employees and 0.5% (16.2 thousand) are unpaid family workers. Of the total workforce, 2,120.7 thousand (76.3%) work in the private sector and 659.4 thousand (23.7%) in the public sector.

In Q4 2020, employment in the various age groups was found as follows:

Employees aged 15-64 are 3,029.7 thousand. employment rate for the population in the same age group was 68.8% (73.4% for men and 64.1% for women).

Employment rate for the population aged 15-29 was 39.0% (43.8% for men and 34.0% for women).

Employment rate for the population aged 20-64 was 73.8%, specifically 78.9% for men and 68.6% for women. Compared to the fourth quarter of 2019, the employment rate (aged 20-64) decreased 1.1% overall, 1.0% for men and 1.2% for women.

Employees aged 55-64 amounted to 608.5 thousand or 65.0% of the population in the same age group (71.6% of men and 58.9% of women).

In Q4 2020 the number of unemployed was 173.1 thousand, of which 95.7 thousand (55.3%) were men and 77.4 thousand (44.7%) were women.

Unemployment rate was 5.2% overall, 5.4% for men and 5.1% for women respectively. Compared to the fourth quarter of 2019, the unemployment rate surged 1.1%, with the increase for men and women being 1.0 and 1.3% respectively.

Of the total unemployed, 13.9% have higher education, 51.4% secondary education and 34.7% primary or lower education. Unemployment rates per level of education are 2.3% for higher education, 4.8% for secondary education and 15.1% for primary and lower education respectively.

The increase in unemployment between the fourth quarter of 2019 and the fourth quarter of 2020 largely reflects the increased number of unemployed with a duration of unemployment of up to one year. During this period, it increased by 23.1 thousand and reached 88.0 thousand. In Q4 2020, long-term unemployed (for one or more years) amounted to 85.1 thousand or 49.2% of the total unemployed. Long-term unemployment rate rose 0.4% to 2.6%, with the increase being almost the same for men and women.

Of the total unemployed, 27.4 thousand or 15.8% are looking for their first job.

In the fourth quarter of 2020, unemployment rate for the 15-29 age group was 9.3%, marking a 2.6% increase compared to the same quarter in 2019. Unemployment rate for men (15-29 years old) increased 2.4% and 3.0% for women, reaching 9.6 and 8.9% respectively.

In the fourth quarter of 2020, the total number of economically inactive people (excluding the workforce) aged 15 and over was 2,613.0 thousand, of which 1,044.2 thousand (40.0%) were men and 1,568.8 thousand (60%.) were women. Economically inactive people aged 15-64 amounted to 1,202.8 thousand, or 27.3% of the population in the same age group. /ibna