Unemployment in Bulgaria was 4.5% in July 2019 – Eurostat

Unemployment in Bulgaria was 4.5% in July 2019 – Eurostat

Unemployment in Bulgaria was 4.5 per cent in July 2019, the same percentage it has been every month since April 2019, according to figures released on August 30 by European Union statistics agency Eurostat.

The July 2019 unemployment figure in Bulgaria is down from 5.2 per cent in July 2018, Eurostat said.

In July 2018, there were an estimated 174 000 unemployed people in Bulgaria. The figure for July 2019 was estimated to be 152 000.

Youth unemployment in Bulgaria in July 2019 was 12.3 per cent, slightly up from the 12 per cent in June 2019 but down from 13.2 per cent July 2018, according to Eurostat.

Eurostat said that the euro zone (EA19) seasonally-adjusted unemployment rate was 7.5 per cent in July 2019, stable compared with June 2019 and down from 8.1 per cent in July 2018. This was the lowest rate recorded in the euro zone since July 2008.

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

Among EU countries, the lowest unemployment rates in July 2019 were recorded in the Czech Republic (2.1 per cent) and Germany (three per cent).

The highest unemployment rates were observed in Greece (17.2 per cent in May 2019) and Spain (13.9 per cent).

Compared with a year ago, unemployment fell in 25 EU countries while it increased in Luxembourg (from 5.6 per cent to 5.7 per cent), Lithuania (from 6.1 per cent to 6.4 per cent) and Sweden (from 6.3 per cent to 6.8 per cent).

The largest decreases were registered in Greece (from 19.4 per cent to 17.2 per cent between May 2018 and May 2019), Croatia (from 8.4 per cent to 7.1 per cent), Cyprus (from 8.3 per cent to seven per cent), Slovakia (from 6.5 per cent to 5.3 per cent) and Spain (from 15 per cent to 13.9 per cent).

In July 2019, 3.195 million young people (under 25) were unemployed in the EU28, of whom 2.245 million were in the euro zone.

Compared with July 2018, youth unemployment decreased by 167 000 in the EU28 and by 149 000 in the euro zone.

In July 2019, the youth unemployment rate was 14.3 per cent in the EU28 and 15.6 per cent in the euro zone, compared with 15 per cent and 16.7 per cent, respectively, in July 2018.

In July 2019, the lowest rates were observed in Germany (5.6 per cent), the Netherlands (6.7 per cent) and the Czech Republic (seven per cent), while the highest were recorded in Greece (39.6 per cent in the first quarter of 2019), Spain (32.1 per cent) and Italy (28.9 per cent), Eurostat said./ibna