Sun, Nov 22 2009

Unemployment edges up to 6.88% in March

Thu, Apr 16 2009 16:53 CET byAlex Bivol 1226 Views 1 Comment
Unemployment edges up to 6.88% in March

Hiring street cleaners is one of the Ministry's main sources of temporary employment.

Photo: Zhivko Angelov

Bulgaria's jobless rate increased to 6.88 per cent in March, up from 6.69 per cent a month earlier, the Labour and Social Policy Ministry said on April 16.

With more seasonal work available, 18 000 unemployed people found a job in March, but the number of registered people without jobs still increased to 254 900 people.

Bulgaria still remains below the European Union average unemployment, which was 7.9 per cent in February. The bloc's statistics office Eurostat is due to publish March figures on April 30.

The peak of unemployment in Bulgaria in 2009 will be in May and June and the tendency is likely to persist to the end of the year, Krassen Yotov, an economist with Industry Watch, told Bulgarian news agency Focus earlier this month.

Yotov said that unemployment would increase more rapidly over the first half of the year and in the second half of the year, the number of jobless people would continue to go up, but at a lower rate.

Comments

Anonymous Mikael Sat, Apr 18 2009 01:10 CET
Inappropriate comment?

How much does a street cleaner make in bulgaria?

Write comment

Name:Comment:

Generate new code
Send your comment
Euro area unemployment highest since May 1999

Unemployment in euro area was 9.5 per cent in May 2009, new Eurostat figures say. Joblessness figures in all EU states are higher than a year ago.

Unemployment in EU worsens

Close to two million people in the EU lost their jobs in the first quarter of 2009, European statistical office Eurostat estimates.

April unemployment in EU was 8.6 per cent – Eurostat

In the 16-member euro area, seasonally-adjusted unemployment was 9.2 per cent in April 2009, according to Eurostat, the Statistical Office of the European Communities. In the EU, joblessness was highest in Spain, Latvia and Lithuania.

Europe out of pocket

Survey says that in 2007, a third of the population of the European Union could not afford unplanned-for spending and seven per cent were in arrears with utility bills – figures that date from before the credit crunch.

Bulgaria's social minister to try to boost employment scheme

Emilia Maslarova wants to use EU money to pay compensation for employees on reduced hours because of credit crunch.

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.