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%.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more