Bulgaria Unemployment Rate Hits 8% Mark

Business | October 20, 2009, Tuesday // 16:05
Bulgaria Unemployment Rate Hits 8% Mark: Bulgaria Unemployment Rate Hits 8% Mark The August unemployment rate in Bulgaria has reached 8,03%. Photo by BGNES

The unemployment rate in Bulgaria passed the 8% psychological barrier, reaching 8,03% in September 2009.

The data was published Tuesday by the National Employment Agency, confirming an earlier report of the Minister of Labor and Social Works, Totyu Mladenov.

As of the end of September, there were 297 5015 jobless people which is 6 000 more than in August 2009. Also in September, however, 41% more people found a new job, compared to August.

The average unemployment rate in Bulgaria for the first nine months of 2009 is 7,22% while, according to Eurostat data, the average unemployment rate in the EU is 8,65% for the first eight months and 9,10% in August.

The unemployment rate is the highest in the service sector – 49,8%, followed by industry – 29,7%. The manufacturing industry, retail, construction sector, and state administration, register unemployment rates of 20,8%, 16,9%, 8% and 7,3% respectively.

In seven of the country's regions – Sofia City (2,4%), Burgas (4,17%), Varna (5,62%), Gabrovo (5,83%), Stara Zagora (6,63%), Plovdv (7,39%) and Pernik, (7,97%) the September unemployment rate is lower than the country's average while the Smolyan (14,78%), Montana (13,61%) and Targovishte (13,58%) regions register the highest unemployment rates.

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Tags: unemployment, Totyu Mladenov, Global Financial Crisis

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