Unemployment in Bulgaria 5.3% in September 2018, for fourth consecutive month

Unemployment in Bulgaria 5.3% in September 2018, for fourth consecutive month

Unemployment in Bulgaria was 5.3 per cent in September 2018, for the fourth consecutive month, and again below the EU average, according to figures released on October 31 by EU statistics agency Eurostat.

The September 2018 unemployment figure was down from six per cent in September 2017, and represented about 174 000 people in Bulgaria. A year earlier, the figure was 202 000 people.

Youth unemployment in Bulgaria was 12.4 per cent in September 2018, slightly down from 12.8 per cent in September 2017, and representing about 18 000 under-25s, according to Eurostat.

Eurostat said that the euro area (EA19) seasonally-adjusted unemployment rate was 8.1 per cent in September 2018, stable compared with August 2018 and down from 8.9 per cent in September 2017. This remains the lowest rate recorded in the euro area since November 2008.

The EU28 unemployment rate was 6.7 per cent in September 2018, stable compared with August 2018 and down from 7.5 per cent in September 2017. This is the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Eurostat estimated that 16.574 million men and women in the EU28, of whom 13.153 million in the euro area, were unemployed in September 2018.

Compared with August 2018, the number of unemployed people decreased by 35 000 in the EU28 and increased by 2000 in the euro area. Compared with September 2017, unemployment fell by 1.793 million in the EU28 and by 1.309 million in the euro area.

Among the member states, the lowest unemployment rates in September 2018 were recorded in Czechia (2.3 per cent), Germany and Poland (both 3.4 per cent). The highest unemployment rates were observed in Greece (19.0 per cent in July 2018) and Spain (14.9 per cent).

In September 2018, 3.333 million young people (under 25) were unemployed in the EU28, of whom 2.403 million were in the euro area.

Compared with September 2017, youth unemployment decreased by 385 000 in the EU28 and by 212 000 in the euro area.

In September 2018, the youth unemployment rate was 14.9 per cent in the EU28 and 16.8 per cent in the euro area, compared with 16.5 per cent and 18.3 per cent respectively in September 2017.

In September 2018, the lowest rates were observed in Czechia and Germany (both 6.3 per cent) as well as the Netherlands (7.5 per cent), while the highest were recorded in Greece (37.9 per cent in July 2018), Spain (34.3 per cent) and Italy (31.6 per cent)…. / IBNA