Unemployment in Bulgaria in June 2018 was 4.8% - Eurostat

Unemployment in Bulgaria in June 2018 was 4.8% - Eurostat

Unemployment in Bulgaria is continuing its steady decrease, falling to 4.8 per cent in June 2018, in turn down from 6.2 per cent in June 2017, according to figures released on July 31 by EU statistics agency Eurostat.

According to Eurostat, about 209 000 people in Bulgaria had been unemployed in June 2017. The same month a year later, this had decreased to 160 000.

Youth unemployment in Bulgaria in June 2018 was 10.9 per cent, a decrease from 14.2 per cent a year earlier, Eurostat said.

The euro area (EA19) seasonally-adjusted unemployment rate was 8.3 per cent in June 2018, stable compared with May 2018 and down from nine per cent in June 2017. This remains the lowest rate recorded in the euro area since December 2008.

The EU28 unemployment rate was 6.9 per cent in June 2018, also stable compared with May 2018 and down from 7.6 per cent in June 2017. This is the lowest rate recorded in the EU28 since May 2008.

Eurostat estimates that 17.105 million men and women in the EU28, of whom 13.570 million in the euro area, were unemployed in June 2018. Compared with May 2018, the number of unemployed people increased by 4 000 in the EU28 and by 14 000 in the euro area. Compared with June 2017, unemployment fell by 1.657 million in the EU28 and by 1.146 million in the euro area.

Among EU countries, the lowest unemployment rates in June 2018 were recorded in the Czech Republic (2.4 per cent) and Germany (3.4 per cent). The highest unemployment rates were observed in Greece (20.2 per cent in April 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 11.0 per cent to 8.2 per cent), Portugal (from 9.1 per cent to 6.7 per cent), Croatia (from 11.1 per cent to 9.2 per cent), Estonia (from 6.8 per cent to 4.9 per cent between May 2017 and May 2018) and Spain (from 17.0 per cent to 15.2 per cent).

In June 2018, 3.415 million young people (under 25) were unemployed in the EU28, of whom 2.412 million were in the euro area.

Compared with June 2017, youth unemployment decreased by 386 000 in the EU28 and by 266 000 in the euro area. In June 2018, the youth unemployment rate was 15.2 per cent in the EU28 and 16.9 per cent in the euro area, compared with 16.8 per cent and 18.9 per cent respectively in June 2017.

In June 2018, the lowest rates were observed in Malta (5.5 per cent), Germany (6.2 per cent) and the Netherlands (7.2 per cent), while the highest were recorded in Greece (42.3 per cent in April 2018), Spain (34.1 per cent) and Italy (32.6 per cent), Eurostat said.... / IBNA

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