08.03.2023

EUROSTAT REPORTS LOWER UNEMPLOYMENT IN OUR COUNTRY

Unemployment in the European Union in January 2023 remains at the same level as in December 2022 - 6.1 percent. It is down from January 2022, when it was 6.3 percent, according to the latest Eurostat data.

In the Eurozone, seasonally adjusted January unemployment also remained at the December 2022 level of 6.7 percent, down from January 2022's 6.9 percent.

In Bulgaria, seasonally adjusted unemployment in January 2023 (3.8 percent) decreased compared to the previous month – December 2022 (4.0 percent). Our country ranks seventh in terms of lowest unemployment together with Hungary.

127,000 people were registered as unemployed in our country in January this year, and in December they were 133,000.

In November 2022, unemployment in our country was 3.9 percent.

Youth unemployment in the country (persons under 25 years of age) in January 2023 decreased to 8.6 percent (about 13 thousand people), seasonally adjusted, at 8.8 percent in December 2022.

On an annual basis, youth unemployment in Bulgaria is decreasing significantly, and in January 2022 it was 13.6 percent.

According to Eurostat estimates, 13.227 million people in the EU, of which 11.288 million in the euro area, were unemployed in January of this year. Compared to the previous month (December 2022), the unemployed in the European Union decreased by 318,000 people, of which 220,000 in the euro area.

The EU countries with the lowest number of unemployed persons in January 2023 were the Czech Republic (2.5 percent), Poland (2.8 percent), followed by Germany and Malta (with 3 percent each).

Unemployment remains highest in Spain (13.0 percent) and Italy (7.9 percent). Data on unemployment in Greece in January 2023 are not available, and in December 2022 it reached 11.6 percent, notes Eurostat.