Unemployment Rate in Bulgaria Hits 12.4% Sept 2012

Politics » BULGARIA IN EU | October 31, 2012, Wednesday // 14:23| Views: | Comments: 0
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Unemployment Rate in Bulgaria Hits 12.4% Sept 2012: Unemployment Rate in Bulgaria Hits 12.4% Sept 2012 Spain "leads" the EU by its nearly 26% unemployment rate. Photo by EPA/BGNES

The unemployment rate in Bulgaria has reached 12.4% in September 2012, according to data was published Wednesday by Eurostat, the statistical office of the European Union.

The Eurozone seasonally-adjusted unemployment rate was 11.6% in September 2012, up from 11.5% in

August. The EU unemployment rate was 10.6% in September 2012, stable compared with August.

In both zones, rates have risen significantly compared with September 2011, when they were 10.3% and 9.8% respectively.

Eurostat estimates that 25.751 million men and women in the EU, of whom 18.490 million were in the Eurozone, were unemployed in September 2012. Compared with August 2012, the number of persons unemployed increased by 169 000 in the EU and by 146 000 in the Eurozone.

Compared with September 2011, unemployment rose by 2.145 million in the EU and by 2.174 million in the Eurozone.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.4%), Luxembourg (5.2%), Germany and the Netherlands (both 5.4%), and the highest in Spain (25.8%) and Greece (25.1% in July 2012).

Compared with a year ago, the unemployment rate increased in twenty Member States and fell in seven. The largest decreases were observed in Lithuania (14.7% to 12.9%), Estonia (11.4% to 10.0% between August 2011 and August 2012), and Latvia (17.0% to 15.9% between the second quarters of 2011 and 2012). The highest increases were registered in Greece (17.8% to 25.1% between July 2011 and July 2012), Cyprus (8.5% to 12.2%), Spain (22.4% to 25.8%) and Portugal (13.1% to 15.7%).

Between September 2011 and September 2012, the unemployment rate for males increased from 10.1% to 11.5% in the Eurozone and from 9.7% to 10.6% in the EU. The female unemployment rate rose from 10.6% to 11.8% in the Eurozone and from 9.9% to 10.7% in the EU.

In September 2012, 5.520 million young persons (under 25) were unemployed in the EU, of whom 3.493 million were in the Eurozone. Compared with September 2011, youth unemployment rose by 164 000 in the EU and by 275 000 in the Eurozone. In September 2012, the youth unemployment rate was 22.8% in the EU and 23.3% in the Eurozone, compared with 21.7% and 21.0% respectively in September 2011.

In September 2012 the lowest rates were observed in Germany (8.0%), the Netherlands (9.7%) and Austria (9.9%), and the highest in Greece (55.6% in July 2012) and Spain (54.2%).

In September 2012, the unemployment rate was 7.8% in the USA and 4.2% in Japan.

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