Unemployment in Bulgaria in August 2018 was 5.2% – Eurostat

Unemployment in Bulgaria in August 2018 was 5.2% – Eurostat

Unemployment in Bulgaria in August 2018 was 5.2 per cent, up from the previous month but down from 6.2 per cent in August 2017, according to seasonally-adjusted figures released by EU statistics agency Eurostat on October 1.

At the end of August 2018, Eurostat said that unemployment in Bulgaria in July 2018 was 4.8 per cent, unchanged from June and down from 6.2 per cent in July 2017.

The increase in unemployment in Bulgaria in August 2018 was the first in many months, though the figure remains below the EU average for that month, which was 6.8 per cent.

While the August 2018 figure for unemployment represented an estimated 173 000 people, this was down from 207 000 in the same month a year earlier.

Eurostat said that youth unemployment in Bulgaria in August 2018 was 13.8 per cent, up from 13.6 per cent in August 2017. However, while the August 2017 figure represented about 24 000 under-25s, the August 2018 figure represented about 20 000.

The euro area (EA19) seasonally-adjusted unemployment rate was 8.1 per cent in August 2018, down from 8.2 per cent in July 2018 and from nine per cent in August 2017. This is the lowest rate recorded in the euro zone since November 2008.

The EU28 unemployment rate was 6.8 per cent in August 2018, stable compared with July 2018 and down from 7.5 per cent in August 2017. This remains the lowest rate recorded in the EU28 since April 2008.

Eurostat estimated that 16.657 million men and women in the EU28, of whom 13.220 million in the euro area, were unemployed in August 2018.

Compared with July 2018, the number of unemployed people decreased by 114 000 in the EU28 and by 102 000 in the euro area. Compared with August 2017, unemployment fell by 1.921 million in the EU28 and by 1.419 million in the euro area.

Among EU countries, the lowest unemployment rates in August 2018 were recorded in the Czech Republic (2.5 per cent), Germany and Poland (both 3.4 per cent).

The highest unemployment rates were in Greece (19.1 per cent in June 2018) and Spain (15.2 per cent). Compared with a year ago, the unemployment rate fell in all EU countries.

The largest decreases were registered in Cyprus (from 10.5 per cent to 7.5 per cent), Croatia (from 10.9 per cent to 8.5 per cent), Greece (from 21.3 per cent to 19.1 per cent between June 2017 and June 2018) and Portugal (from 8.8 per cent to 6.8 per cent).

In August 2018, 3.315 million young people (under 25) were unemployed in the EU28, of whom 2.367 million were in the euro area.

Compared with August 2017, youth unemployment decreased by 431 000 in the EU28 and by 275 000 in the euro area.

In August 2018, the youth unemployment rate was 14.8 per cent in the EU28 and 16.6 per cent in the euro area, compared with 16.6 per cent and 18.5 per cent respectively in August 2017.

In August 2018, the lowest rates of youth unemployment were in Germany (6.2 per cent), the Czech Republic (6.3 per cent) and the Netherlands (7.7 per cent), while the highest were recorded in Greece (39.1 per cent in June 2018), Spain (33.6 per cent) and Italy (31 per cent), Eurostat said…. / IBNA