Bulgaria's Unemployment Rate For Q4 is 4.7%

Politics » DOMESTIC | February 15, 2019, Friday // 11:17| Views: | Comments: 0
Bulgaria: Bulgaria's Unemployment Rate For Q4 is 4.7% pixabay.com

Bulgaria’s unemployment rate dropped to 4.7% in the fourth quarter of 2018 from 5.6% in the same period 2017, the National Statistical Institute (NSI) said on Thursday, quoted by SeeNews. 

Youth unemployment, covering persons in the age bracket 15-29 years, dropped to 7.4% in the period under review from 9.4% in the fourth quarter of 2017, NSI said in a quarterly labour force survey.

Long-term unemployment rate - covering people who have been without a job for more than a year - was 2.9%, or 95,700 people.

The employment rate among people aged 15 to 64 rose by 0.2 percentage points year-on-year to 67.7%.

The share of economically active people aged 15-64 fell by 0.5 pp to 71.1%.

There were 1.3 million economically inactive persons aged 15-64 in the fourth quarter, or 28.9% of the population in this age group. Of them 71,000, or 5.4%, were discouraged persons.


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