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Bulgaria's Sept 2013 Unemployment Rate above EU Average

Politics » BULGARIA IN EU | November 1, 2013, Friday // 08:33| Views: 1435 | Comments: 0
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Bulgaria's Sept 2013 Unemployment Rate above EU Average: Bulgaria's Sept 2013 Unemployment Rate above EU Average According to Eurostat, the rate of youth unemployment in Bulgaria, in the age group up to 25 years, was 28.1% in 2012, file photo

Bulgaria's seasonally adjusted unemployment rate is September 2013 was 13.6%, according to Eurostat, the statistical office of the European Union.

The euro area seasonally-adjusted unemployment rate was 12.2% in September 2013, stable compared with August.

The EU unemployment rate was 11.0%, also stable compared with August.

In both zones, rates have risen compared with September 2012, when they were 11.6% and 10.6respectively.

In September 2013, 26.872 million men and women were unemployed in the EU, of whom 19.447 million were in the euro area.

Compared with August 2013, the number of unemployed persons went up by 61 000 in the EU and by 60 000 in the euro area.

Compared with September 2012, unemployment rose by 978 000 in the EU and by 996 000 in the euro area

Among the Member States, the lowest unemployment rates were recorded in Austria (4.9%), Germany (5.2%) and Luxembourg (5.9%), and the highest in Greece (27.6% in July 2013) and Spain (26.6%).

Compared with a year ago, the unemployment rate increased in sixteen Member States, fell in eleven and remained stable in the Czech Republic.

The highest increases were registered in Cyprus (12.7% to 17.1%) and Greece (25.0% to 27.6% between July 2012 and July 2013).

The largest decreases were observed in Latvia (15.6% to 11.3% between the second quarters of 2012 and 2013) and Estonia (10.0% to 8.3% between August 2012 and August 2013).

In comparison, in September 2013, the unemployment rate in the United States was 7.2%, down from 7.3% in August 2013 and from 7.8% in September 2012.

According to Eurostat, the rate of youth unemployment in Bulgaria, in the age group up to 25 years, was 28.1% in 2012; and in the second quarter of 2013 reached 28.7%, compared to the EU average of 23.5%.

According to Bulgaria's National Statistics Institute, NSI, there were about 66 000 unemployed young people aged 15-24 from a total of 800 000 in this age category in the first half of 2013.

Among EU Member State, the highest youth unemployment was registered in Greece - 57.3%, Spain - 56.5%, and Croatia - 52.8%, the lowest was in Germany - 7.7% and Austria - 8.7%.

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Tags: eurostat, youth unemployment, unemployment rate, European Union, EU, Euro Area, Bulgaria
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