Unemployment in Bulgaria 5.4% in November 2018, youth unemployment rose - Eurostat

Unemployment in Bulgaria 5.4% in November 2018, youth unemployment rose - Eurostat
Unemployment in Bulgaria in November 2018 was 5.4 per cent, unchanged from October and down from 5.7 per cent in November 2017, according to seasonally-adjusted figures released by European Union statistics agency Eurostat on January 9.

The figure of 5.4 per cent in November 2018 represented about 181 000 people, according to Eurostat.

The October and November figures were slightly higher than the 5.3 per cent unemployment recorded in Bulgaria in August and September 2018.

Between November 2017 and November 2018, unemployment among youth in Bulgaria rose from 11 per cent to 14.2 per cent. These figures represent an increase from 19 000 to 22 000 under-25s who were jobless.

The euro area (EA19) seasonally-adjusted unemployment rate was 7.9 per cent in November 2018, down from eight per cent in October 2018 and from 8.7 per cent in November 2017. This is the lowest rate recorded in the euro area since October 2008.

The EU28 unemployment rate was 6.7 per cent in November 2018, stable compared with October 2018 and down from 7.3 per cent in November 2017. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000.

Eurostat estimates that 16.491 million men and women in the EU28, of whom 13.040 million in the euro area, were unemployed in November 2018.

Compared with October 2018, the number of unemployed people decreased by 107 000 in the EU28 and by 90 000 in the euro area.

Compared with November 2017, unemployment fell by 1.489 million in the EU28 and by 1.135 million in the euro area.

Among the EU countries, the lowest unemployment rates in November 2018 were recorded in Czech Republic (1.9 per cent), Germany (3.3 per cent) and the Netherlands (3.5 per cent).

Unemployment was highest in Greece (18.6 per cent in September 2018) and Spain (14.7 per cent).

Compared with a year ago, the unemployment rate fell in all EU countries except Estonia where it remained stable.

The largest decreases were registered in Croatia (from 10 per cent to 7.8 per cent), Greece (from 20.8 per cent to 18.6 per cent between September 2017 and September 2018) and Spain (from 16.5 per cent to 14.7 per cent).

In November 2018, 3.444 million young people (under 25) were unemployed in the EU28, of whom 2.452 million were in the euro area. Compared with November 2017, youth unemployment decreased by 189 000 in the EU28 and by 90 000 in the euro area.

In November 2018, the youth unemployment rate was 15.2 per cent in the EU28 and 16.9 per cent in the euro area, compared with 16.1 per cent and 17.8 per cent respectively in November 2017.

In November 2018, the lowest rates were observed in Czech Republic (4.9 per cent), Germany (6.1 per cent) and the Netherlands (6.9 per cent), while the highest were recorded in Greece (36.6 per cent in September 2018), Spain (34.1 per cent) and Italy (31.6 per cent), Eurostat said./IBNA

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