Bulgaria's unemployment rate falls to 11% in May 2013

By bne IntelliNews May 31, 2013

Bulgaria's unemployment rate, measured in terms of registrations with the state labour agency, fell to 11% in May 2013 from 11.6% the month before, the agency said on its website. The number of people who found a job in May amounted to 13,881, which caused the jobless rate to decline for a third consecutive month and reach a seven-month low. The May 2013 rate is equal to its level from a year ago.

The decrease in unemployment during this time of the year is driven mostly by seasonal factors and likely the number of people out of work will continue to fall in June-September.

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