Bulgaria's unemployment rate edges down to 10.8% in June.

By bne IntelliNews July 12, 2012
Bulgaria's unemployment rate edged down 0.2pps m/m to 10.8% in June but remained above the year-ago level of 9.6%, deputy labour minister Zornitsa Rusinova said as quoted by investor.bg. Furthermore, the rate of decrease in unemployment is very slow despite the start of the active tourist season and the expectations for seasonal boost of employment. The labour ministry will seek to keep the unemployment rate below 11.5% this year through programmes stimulating mainly youth employment, which is above 30%, according to Eurostat. In May, the state labour agency registered 11% unemployment, down by 0.4pps as compared to the previous month, while the unemployment rate estimated by Eurostat during the month was 12.2%.

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