Unemployment in Bulgaria in August 2019 was 4% – Eurostat

Unemployment in Bulgaria in August 2019 was 4% – Eurostat

Unemployment in Bulgaria in August 2019 was four per cent, European Union statistics agency Eurostat said on September 30, citing seasonally-adjusted figures.

The unemployment figure in Bulgaria in August represented about 134 000 people, according to Eurostat.

The unemployment percentage was the same as it had been in June and July 2019, while it was down from 5.2 per cent in August 2018, when it represented about 173 000 people, Eurostat said.

The EU statistics agency said that the drop in unemployment in Bulgaria, comparing August 2019 with August 2018, was among the largest in the EU.

Youth unemployment in Bulgaria in August 2019 was 8.2 per cent, about 11 000 under-25s, down from 13 per cent in August 2018, about 13 000 young people.

The euro zone (EA19) seasonally-adjusted unemployment rate was 7.4 per cent in August 2019, down from 7.5 per cent in July 2019 and from eight per cent in August 2018. This is the lowest rate recorded in the euro zone since May 2008.

The EU28 unemployment rate was 6.2 per cent in August 2019, down from 6.3 per cent in July 2019 and from 6.7 per cent in August 2018. This is the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Among EU countries, the lowest unemployment rates in August 2019 were recorded in Czech Republic (two per cent) and Germany (3.1 per cent).

Unemployment was highest in Greece (17 per cent in June 2019) and Spain (13.8 per cent).

Compared with a year ago, the unemployment rate fell in 24 member states, remained stable in Luxembourg while it increased in Denmark (from 4.9 per cent to five per cent), Lithuania (from 6.1 per cent to 6.6 per cent) and Sweden (from 6.3 per cent to 7.1 per cent).

The largest decreases were registered in Greece (from 19.2 per cent to 17.0 per cent between June 2018 and June 2019), Cyprus (from 8.2 per cent to 6.8 per cent), Bulgaria (from 5.2 per cent to four per cent), Spain (from 15 per cent to 13.8 per cent) and Croatia (from 8.1 per cent to 6.9 per cent), Eurostat said./ibna