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Bulgarian Unemployment Was on the Rise in 2013

Society | March 17, 2014, Monday // 12:52| Views: 1131 | Comments: 1
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Bulgaria: Bulgarian Unemployment Was on the Rise in 2013

Unemployment in Bulgaria reached 12.9% in 2013.

Data by the National Statistical Institute cited by the website Expert.bg suggests it is up 0.6% compared to the previous year.

The number of Bulgarians currently out of work amounts to 436 000, with 250 000 (or 57.4%) permanently looking for a job.

More men (13.9%) than women (11.8%) are presently unemployed. Men, however, also have a bigger share of the labor market - 249 000 of them are employed, while women at work are 186 000.

The economically active share of the population comprises 3 322 700 people, which is up 1.3% compared to 2012.

High unemployment is considered a more and more troubling issue in Southern Europe and especially in Eurozone countries such as Greece, Italy and Spain, which were severely affected by 2009's financial crisis.

In Bulgaria, the ruling Bulgaria Socialist Party has promised to create 250 000 new jobs and thus to eradicate the problem, investing mostly in high-tech sectors but with an eye set on European re-industrialization schemes.

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#1
Agent Piccadilly - 17 Mar 2014 // 18:40:49

Its clear that the website that reported the unemployment data is a propaganda tool of the fascist GERB party and Soros. Anyone here in Bulgaria can see with their own eyes that unemployment has reduced to virtually zero ever since the revolutionary BSP became the ruling regime.

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria