The unemployment rate in Bulgaria edged down 0.2pps m/m to 11.3% in December 2013, the state labour agency said. The jobless rate was 0.1pps lower than in the same month of 2012.
The annual average unemployment rate for 2013 was also 11.3%, up by 0.2pps from the previous year. In figures, the number of people without a job increased by 6,843.
One fifth of the unemployed were under 29 years of age and a third of all job-seekers were unemployed for more than a year. More than half (55%) of those looking for an employment had no classification at all and 30% had elementary or lower education.
The labour agency's measurement of unemployment accounts only for the registered unemployed. We note that the data is not seasonally-adjusted and usually underestimates the jobless rate because people without a job tend to keep their registration with the agency only for the period during which they receive unemployment benefits.
Related Articles
Bulgargaz files claim against Gazprom over lost gas supply
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
Bulgaria's BACB to acquire 99.94% of Tokuda Bank
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
bne IntelliNews Southeast Europe Outlook 2024
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
12 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago