New Drop of Unemployment in Bulgaria

Politics » BULGARIA IN EU | May 31, 2018, Thursday // 18:04
Bulgaria: New Drop of Unemployment in Bulgaria Fogler, Rubinoff LLP

New drop of unemployment in Bulgaria. In April it is 5.1% - the lowest level since 2008, according to Eurostat data.

Compared to March, the decrease is by 0.1% and on an annual basis compared to April 2017 - by 1.2%.

The unemployed in Bulgaria during the last fourth months was a total of 177 000 people, or 34 000 less than in April 2017 and 3000 less on a monthly basis.

Youth unemployment has also fallen to 10.1 percent. For one year it shrunk by 3.8 percent. A total of 18,000 young people under 25 were unemployed in April.

Unemployment across the European Union remains unchanged on a monthly basis, again at 7.1%. Compared to April 2017, however, a decrease of 0.7 percent was reported.

In the euro area, the unemployment fell slightly to around 8.5% in March 2018. On an annual basis, however, there was again a decrease by 0.7 percent.

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