Bulgaria's unemployment rate drops to 10.7% in Aug 2012.

By bne IntelliNews September 12, 2012
The unemployment rate, measured in terms of registrations with the state labour agency, slipped 10 basis points m/m to 10.7% in August, the institution informs in a note on its website. When compared to the year-ago period, the rate has increased by 1.1pps. In September we should see another slight decrease in the unemployment rate and a gradual increase afterwards, in line with the seasonal pattern. The number of registered unemployed dropped by 1.4% compared to July. In annual terms the number however increased by 12% - a lower growth than 13% y/y in July. The manufacturing sector accounted for the largest share of newly-registered unemployed during the month, followed by trade and administration.

Bulgaria's unemployment rate drops to 10.7% in Aug 2012.

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