Unemployment in Bulgaria 4.5% in May 2019 – Eurostat

Unemployment in Bulgaria 4.5% in May 2019 – Eurostat

Unemployment in Bulgaria in May 2019 was 4.5 per cent, unchanged from April and down from 5.3 per cent in May 2018, European Union statistics agency Eurostat said on July 1.

While the percentages for April and May 2019 were the same, in April the figure represented about 152 000 people and in May about 150 000, according to Eurostat.

As has been the case in recent years, unemployment in Bulgaria in May 2019 was again below the EU average, which was 6.3 per cent.

The figure for the EU for May 2019 was down from 6.4 per cent in April and 6.9 per cent in May 2018, and was the lowest in the EU28 since the start of the EU monthly unemployment statistics series in January 2000, Eurostat said.

In Bulgaria, youth unemployment was 11.1 per cent in May 2019, up from 10.8 per cent in April but down from 13.8 per cent in May 2018.

The euro zone seasonally-adjusted unemployment rate was 7.5 per cent in May 2019, down from 7.6 per cent in April 2019 and from 8.3 per cent in May 2018. This is the lowest rate recorded in the euro area since July 2008.

Among EU countries, the lowest unemployment rates in May 2019 were recorded in The Czech Republic (2.2 per cent), Germany (3.1 per cent) and the Netherlands (3.3 per cent).

The highest unemployment rates were observed in Greece (18.1 per cent in March 2019), Spain (13.6 per cent) and Italy (9.9 per cent).

Compared with a year ago, the unemployment rate fell in 23 EU countries, remained stable in Austria and increased in Denmark (from five per cent to 5.1 per cent), Luxembourg (from 5.6 per cent to 5.7 per cent), Poland (from 3.7 per cent to 3.8 per cent) and Sweden (from 6.2 per cent to 6.3 per cent). The largest decreases were registered in Greece (from 20.2 per cent to 18.1 per cent between March 2018 and March 2019), Spain (from 15.4 per cent to 13.6 per cent) and Cyprus (from 8.3 per cent to 6.5 per cent).

In May 2019, 3.217 million young people (under 25) were unemployed in the EU28, of whom 2.295 million were in the euro area.

Compared with May 2018, youth unemployment decreased by 176 000 in the EU28 and by 133 000 in the euro area.

In May 2019, the youth unemployment rate was 14.3 per cent in the EU28 and 15.7 per cent in the euro area, compared with 15.1 per cent and 17 per cent, respectively, in May 2018.

In May 2019, the lowest rates of youth unemployment were in Germany (5.1 per cent) and the Netherlands (6.3 per cent), while the highest were recorded in Greece (40.4 per cent in March 2019), Spain (31.7 per cent) and Italy (30.5 per cent), Eurostat said./ibna