Unemployment in Bulgaria in August 2017 was 6.2 per cent – Eurostat

Unemployment in Bulgaria in August 2017 was 6.2 per cent – Eurostat

Unemployment in Bulgaria in August 2017 was 6.2 per cent, unchanged from the previous month but down from 7.4 per cent in August 2016, according to seasonally-adjusted figures released on October 2 by European Union statistics agency Eurostat.

The August 2017 unemployment rate in Bulgaria is again below the EU average, which was 7.6 per cent.

Compared with August 2016, when about 240 000 Bulgarians were registered as unemployed, the figure the same month a year later was 209 000.

Bulgaria’s youth unemployment in August 2017 was 13.5 per cent, down from 13.9 per cent the previous month and down from 18.6 per cent in August 2016.

Eurostat aid that the the euro area (EA19) seasonally-adjusted unemployment rate was 9.1 per cent in August 2017, stable compared to July 2017 and down from 9.9 per cent in August 2016.

This remains the lowest rate recorded in the euro area since February 2009.

The EU28 unemployment rate, 7.6 per cent in August 2017, was down from 7.7 per cent in July 2017 and from 8.5 per cent in August 2016. This is the lowest rate recorded in the EU28 since November 2008.

Eurostat estimated that 18.747 million men and women in the EU28, of whom 14.751 million in the euro area, were unemployed in August 2017.

Compared with July 2017, the number of people unemployed decreased by 104 000 in the EU28 and by 42 000 in the euro area. Compared with August 2016, unemployment fell by 1.923 million in the EU28 and by 1.319 million in the euro area.

Among the EU member states, the lowest unemployment rates in August 2017 were recorded in the Czech Republic (2.9 per cent), Germany (3.6 per cent) and Malta (4.2 per cent).

The highest unemployment rates were observed in Greece (21.2 per cent in June 2017) and Spain (17.1 per cent).

Compared with a year ago, the unemployment rate fell in all EU countries for which data is comparable over time, except Finland where it remained stable.

The largest decreases were registered in Cyprus (from 13.1 per cent to 10.7 per cent), Greece (from 23.5 per cent to 21.2 per cent between June 2016 and June 2017) and Spain (from 19.3 per cent to 17.1 per cent).

In August 2017, 3.754 million young people (under 25) were unemployed in the EU28, of whom 2.668 million were in the euro area.

Compared with August 2016, youth unemployment decreased by 426 000 in the EU28 and by 240 000 in the euro area.

In August 2017, the youth unemployment rate was 16.7 per cent in the EU28 and 18.9 per cent in the euro area, compared with 18.5 per cent and 20.6 per cent respectively in August 2016. In August 2017, the lowest rate was observed in Germany (6.4 per cent), while the highest were recorded in Greece (43.3 per cent in June 2017), Spain (38.7 per cent) and Italy (35.1 per cent)./IBNA