Unemployment in Bulgaria in June 2019 was 4.4% – Eurostat

Unemployment in Bulgaria in June 2019 was 4.4% – Eurostat

Unemployment in Bulgaria in June 2019 was 4.4 per cent, down from 4.5 per cent in May and from 5.2 per cent in June 2018, according to figures released on July 31 by European Union statistics agency Eurostat.

The June 2019 unemployment rate in Bulgaria represented about 149 000 people, while the June 2018 figure represented about 174 000, according to Eurostat.

Youth unemployment in Bulgaria was 12 per cent in June 2019, about 16 000 under-25s, while in June 2018 it had been 13.4 per cent, about 20 000 under-25s.

The EU unemployment rate in June 2019 was 6.3 per cent, the lowest recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. The figure was stable compared with May 2019 and down from 6.8 per cent in June 2018.

The euro zone (EA19) seasonally-adjusted unemployment rate was 7.5 per cent in June 2019, down from 7.6 per cent in May 2019 and from 8.2 per cent in June 2018. This is the lowest rate recorded in the euro zone since July 2008.

Among EU countries, the lowest unemployment rates in June 2019 were in the Czech Republic (1.9 per cent) and Germany (3.1 per cent).

The highest unemployment rates were in Greece (17.6 per cent in April 2019) and Spain (14.0 per cent).

Compared with a year ago, unemployment fell in 24 EU countries and remained stable in Estonia and Poland, while it increased in Sweden (from 6.3 per cent to 6.4 per cent) and Luxembourg (from 5.6 per cent to 5.8 per cent).

The largest decreases were registered in Greece (from 19.8 per cent to 17.6 per cent between April 2018 and April 2019), Cyprus (from 8.3 per cent to 6.5 per cent), Croatia (from 8.6 per cent to 7.1 per cent), Ireland (from 5.9 per cent to 4.5 per cent) and Slovakia (from 6.7 per cent to 5.4 per cent)

In June 2019, 3.176 million young people (under 25) were unemployed in the EU28, of whom 2.251 million were in the euro zone.

Compared with June 2018, youth unemployment decreased by 239 000 in the EU28 and by 179 000 in the euro zone.

In June 2019, the youth unemployment rate was 14.1 per cent in the EU28 and 15.4 per cent in the euro zone, compared with 15.2 per cent and 17 per cent, respectively, in June 2018.

In June 2019, the lowest rates of youth unemployment were in Germany (5.5 per cent), the Netherlands (6.5 per cent) and the Czech Republic (6.6 per cent), while the highest were recorded in Greece (39.6 per cent in the first quarter of 2019), Spain (32.4 per cent) and Italy (28.1 per cent), Eurostat said./ibna