Bulgaria 2nd in EU by Unemployment Rate Hike in 2010 Q4

Politics » BULGARIA IN EU | April 1, 2011, Friday // 17:51
Bulgaria 2nd in EU by Unemployment Rate Hike in 4Q 2010 Y/Y: Bulgaria 2nd in EU by Unemployment Rate Hike in 2010 Q4 The share of unemployed people in Bulgaria grew from 9.4% in the fourth quarter of 2009, to 11.6% in the fourth quarter of 2010. File photo

Bulgaria is among the top three EU countries, which have registered the highest increase in their unemployment rate on annual basis, according to data published Friday by Eurostat, the statistical office of the European Union.

Bulgaria, with an annual increase of 9.4% to 11.6% between the fourth quarters of 2009 and 2010 is second only after Greece with 0.2% to 14.1%. Ireland comes third with 13.0% to 14.9%.

Compared with a year ago, the unemployment rate fell in thirteen Member States, remained stable in two and increased in twelve. The largest falls were observed in Latvia (20.1% to 17.3% between the fourth quarters of 2009 and 2010), Estonia (16.1% to 14.3% between the fourth quarters of 2009 and 2010) and Sweden (8.8% to 7.6%).

The Eurozone seasonally-adjusted unemployment rate was 9.9% in February 2011, compared with 10.0% in January. It was 10.0% in February 2010. The EU unemployment rate was 9.5% in February 2011, compared with 9.6% in January4. It was 9.6% in February 2010.

Eurostat estimates that 23.051 million men and women in the EU, of whom 15.747 million were in the Eurozone, were unemployed in February 2011. Compared with January 2011, the number of persons unemployed fell by 99 000 in the EU and by 77 000 in the Eurozone. Compared with February 2010, unemployment decreased by 31 000 in the EU and by 77 000 in the Eurozone.

Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.3%), Luxembourg (4.5%) and Austria (4.8%), and the highest in Spain (20.5%), Lithuania (17.4% in the fourth quarter of 2010) and Latvia (17.3% in the fourth quarter of 2010).

Between February 2010 and February 2011, the unemployment rate for males fell from 9.9% to 9.7% in the Eurozone and from 9.8% to 9.5% in the EU. The female unemployment rate increased from 10.1% to 10.2% in the Eurozone and from 9.4% to 9.6% in the EU.

In February 2011, the youth unemployment rate (under-25s) was 19.4% in the Eurozone and 20.4% in the EU. In February 2010 it was 20.5% and 20.9% respectively. The lowest rates were observed in the Netherlands (7.4%) and Germany (7.9%), and the highest in Spain (43.5%) and Greece (36.1% in the fourth quarter of 2010).

In comparison, in February 2011, the unemployment rate was 8.9% in the USA and 4.6% in Japan.

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Tags: unemployment rate, EU, euro zone, eurostat, Bulgaria, Eurozone

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