Bulgaria Sees Small Drop in Unemployment to 5.4% in July
In July, Bulgaria saw a slight decrease in unemployment, with the rate dropping to 5.4%, according to a report from the Employment Agency
In the fourth quarter of 2019 there were 138.5 thousand unemployed persons, of whom 80.6 thousand (58.2%) men and 57.9 thousand (41.8%) women. The unemployment rate was 4.1%, 4.4% and 3.8% for men and women respectively. In comparison with the fourth quarter of 2018, the unemployment rate went down by 0.6 percentage points, registering the same decrease for men and women. Among all unemployed persons, 9.5% had attained tertiary education, 45.9% had completed upper secondary education and 44.6% had at most lower secondary education, the National Statistical Institute (NSI) said in a press release.
The unemployment rate by level of educational attainment was as follows: 1.3% for higher education, 3.3% for upper secondary and 13.8% for education lower than upper secondary. In the fourth quarter of 2019 there were 73.6 thousand long-term unemployed persons (unemployed for one or more years), representing 53.1% of all unemployed persons. The long-term unemployment rate was 2.2%, 2.3% for men and 2.1% for women.
Of all unemployed people 25.5 thousand (18.4%) were looking for first job. In the fourth quarter of 2019, the unemployment rate for the age group 15 - 29 years was 6.7%, by 0.7 percentage points lower than in a year earlier. The unemployment rate (15 - 29 years) was 7.2% for men and 5.9% for women.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In July 2024, producer prices in the EU and the euro area saw an increase of 0.8% compared to June 2024
More than half of the unemployed in Bulgaria lack professional qualifications, according to data from the Employment Agency
Starting in 2029, heating with wood and coal will be entirely banned in Sofia
In the second quarter of 2024, Bulgaria's gross domestic product (GDP) grew by 2.1% compared to the same period in the previous year
A total of 1.2 million foreign tourists visited Bulgaria's Southern Black Sea coast during this summer season
Vogue magazine has recently named Sofia as the most dynamic city in Europe, spotlighting the Bulgarian capital as an unexpected yet thrilling urban destination
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023