Unemployment in Bulgaria 4.6% in March 2019, youth unemployment up

Unemployment in Bulgaria 4.6% in March 2019, youth unemployment up

Unemployment in Bulgaria was 4.6 per cent in March 2019, down from 4.7 per cent a month earlier and from 5.3 per cent in March 2018, European Union statistics agency Eurostat said on April 30.

The March 2019 percentage of unemployment in Bulgaria represented about 154 000 people, compared with 178 000 in March 2018.

Eurostat said that youth unemployment in Bulgaria was 13.4 per cent in March 2019 (about 20 000 under-25s), compared with 12.8 per cent in February 2019 (19 000 under-25s) and 13.1 per cent in March 2018 (about 20 000 people).

The euro zone (EA19) seasonally-adjusted unemployment rate was 7.7 per cent in March 2019, down from 7.8 per cent in February 2019 and from 8.5 per cent in March 2018. This is the lowest rate recorded in the euro zone since September 2008.

The EU28 unemployment rate was 6.4 per cent in March 2019, down from 6.5 per cent in February 2019 and from seven per cent in March 2018. This is the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Compared with February 2019, the number of people unemployed decreased by 172 000 in the EU28 and by 174 000 in the euro zone. Compared with March 2018, unemployment fell by 1.430 million in the EU28 and by 1.172 million in the euro zone.

Among the member states, the lowest unemployment rates in March 2019 were recorded in Czech Republic (1.9 per cent), Germany (3.2 per cent) and the Netherlands (3.3 per cent).

The highest unemployment rates were observed in Greece (18.5 per cent in January 2019), Spain (14 per cent) and Italy (10.2 per cent).

Compared with a year ago, the unemployment rate fell in all Member States except Denmark (between February 2018 and February 2019) and Sweden where it remained stable.

The largest decreases were registered in Greece (from 20.6 per cent to 18.5 per cent between January 2018 and January 2019), Estonia (from 6.7 per cent to 4.6 per cent between February 2018 and February 2019) and Cyprus (from nine per cent to seven per cent).

In March 2019, 3.282 million young people (under 25) were unemployed in the EU28, of whom 2.325 million were in the euro zone.

Compared with March 2018, youth unemployment decreased by 189 000 in the EU28 and by 150 000 in the euro zone.

In March 2019, the youth unemployment rate was 14.5 per cent in the EU28 and 16.0 per cent in the euro zone, compared with 15.5 per cent and 17.4 per cent respectively in March 2018.

In March 2019, the lowest rates were observed in Germany (5.6 per cent), Czech Republic (6.3 per cent) and the Netherlands (6.4 per cent), while the highest were recorded in Greece (39.7 per cent in January 2019), Spain (33.7 per cent) and Italy (30.2 per cent), Eurostat said./ibna