Unemployment in Bulgaria in May 2017 was six per cent, down from 6.1 per cent a month earlier and from 7.9 per cent in May 2016, according to figures released on July 3 by European Union statistics agency Eurostat.
The May 2017 figure for Bulgaria represented about 196 000 people, a notable drop below the figure of 200 000. Bulgaria’s May 2016 unemployment figure represented about 260 000 people.
In May 2016, Bulgaria’s unemployment was below the EU average of the time of 8.7 per cent. In May 2017, it was below the EU average of 7.8 per cent.
The euro area (EA19) seasonally-adjusted unemployment rate was 9.3 per cent in May 2017, stable compared to April 2017 and down from 10.2 per cent in May 2016. This remains the lowest rate recorded in the euro area since March 2009, Eurostat said.
The EU28 unemployment rate was 7.8 per cent in May 2017, stable compared to April 2017 and down from 8.7 per cent in May 2016. This remains the lowest rate recorded in the EU28 since December 2008.
Eurostat estimated that 19.115 million men and women in the EU28, of whom 15.034 million in the euro area, were unemployed in May 2017.
Compared with April 2017, the number of unemployed people decreased by 22 000 in the EU28 and by 5000 in the euro area. Compared with May 2016, unemployment fell by 2.122 million in the EU28 and by 1.428 million in the euro area.
Among EU countries, the lowest unemployment rates in May 2017 were recorded in the Czech Republic (three per cent), Germany (3.9 per cent) and Malta (4.1 per cent).
The highest unemployment rates were in Greece (22.5 per cent in March 2017) and Spain (17.7 per cent).
Compared with a year ago, the unemployment rate in May 2017 fell in all EU countries for which data is comparable over time, Eurostat said.
The largest decreases were registered in Croatia (from 13.4 per cent to 10.7 per cent), Spain (from 20.2 per cent to 17.7 per cent) and Ireland (from 8.4 per cent to 6.4 per cent), the statistics agency said./IBNA