Bulgaria's Unemployment Rate Drops to 10.7% in August
In August 2013, the official unemployment rate in Bulgaria declined, while the number of new hires increased as a result of the higher number of people who started work under Employment Promotion Act measures.
In August 2013, the unemployment rate was 10.7%, down by 0.1% from July, and unchanged from the level in August 2012, according to Employment Agency statistics.
Labor offices reported a total of 351 438 unemployed, down by 3601 from July 2013, and down by 68 from August 2012.
A total of 19 327 unemployed started work in August 2013, up by 1120 from July 2013.
In August 2013, a total of 10 839 started work on the primary labor market, a total of 7717 started work under employment programs and employment promotion measures under the Human Resources Development Operational Program, while a total of 771 started work under Employment Encouragement Act measures.
In August 2013, labor offices reported 11 932 primary market vacancies, up by 562 from July 2013 and up by 748 from August 2012.
Most of the primary market vacancies (6619) were declared by the private sector.
In August 2013, the largest numbers of vacancies were yet again in the sphere of seasonally-dependent economic activities, such as the processing industry (2816) and commerce (1761), and administrative and auxiliary activities (1552) and education (1451) due to the upcoming start of school year 2013/2014.
Large numbers of vacancies were also declared in the spheres of: construction (739), real estate (647), public administration (525), hotels and restaurants (491), transport (412), financial and insurance activities (323), etc.
A total of 6799 vacancies were declared under employment programs and a total of 933 vacancies were declared under Employment Encouragement Act measures.
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