Unemployment in Bulgaria 4.5% in April 2019 – Eurostat

Unemployment in Bulgaria 4.5% in April 2019 – Eurostat

Unemployment in Bulgaria was 4.5 per cent in April 2019, down from 4.6 per cent in March and down from 5.3 per cent in April 2019, according to figures released on June 4 by European Union statistics agency Eurostat.

The April 2019 unemployment figure in Bulgaria represented an estimated 150 000 people, about 4000 fewer than a month earlier and compared with 177 000 in April 2018, Eurostat said.

Youth unemployment in Bulgaria in April 2019 was 13.7 per cent, representing about 20 000 people. The percentage was the same as in April 2018, when it represented 21 000 under-25s.

Bulgaria’s unemployment rate in April 2019 was below the EU average, which 6.4 per cent, the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000, Eurostat said.

The euro zone (EA19) seasonally-adjusted unemployment rate was 7.6 per cent in April 2019, down from 7.7 per cent in March 2019 and from 8.4 per cent in April 2018. This is the lowest rate recorded in the euro zone since August 2008.

Among EU countries, the lowest unemployment rates in April 2019 were recorded in the Czech Republic (2.1 per cent), Germany (3.2 per cent) and the Netherlands (3.3 per cent).

The highest unemployment rates were in Greece (18.5 per cent in February 2019), Spain (13.8 per cent) and Italy (10.2 per cent).

Compared with a year ago, the unemployment rate fell in all EU countries except Luxembourg and Poland where it remained stable while an increase was registered in Denmark (from 5.2 per cent to 5.3 per cent).

The largest decreases were registered in Greece (from 20.6 per cent to 18.5 per cent between February 2018 and February 2019), Estonia (from six per cent to 4.1 per cent between March 2018 and March 2019) and Spain (from 15.6 per cent to 13.8 per cent).

In April 2019, 3.213 million young people (under 25) were unemployed in the EU28, of whom 2.308 million were in the euro zone.

Compared with April 2018, youth unemployment decreased by 246 000 in the EU28 and by 151 000 in the euro zone.

In April 2019, the youth unemployment rate was 14.2 per cent in the EU28 and 15.8 per cent in the euro zone, compared with 15.4 per cent and 17.2 per cent respectively in April 2018.

In April 2019, the lowest rates of youth unemployment were in Germany (5.3 per cent) and the Netherlands (6.2 per cent), while the highest were recorded in Greece (38.8 per cent in February 2019), Spain (32.7 per cent) and Italy (31.4 per cent), Eurostat said./ibna