10.05.2024

GROWTH OF UNEMPLOYED YOUTH IN OUR COUNTRY

Unemployed youth under the age of 25 in Bulgaria are 16 percent or 19,000 people - this is what the latest Eurostat data for March 2024 show. In one year - compared to March 2023, their number has risen dramatically - by 6,000 people.

On average for the European Union, the share of people without a livelihood in this age group, according to current data, is 14.6 percent, which equates to nearly 2.8 million young people.

Youth unemployment in the eurozone is 14.1 percent or two million two hundred and sixty thousand people.

The record holder for the share of young people under 25 without a livelihood is Spain – just over 27 percent. At the other pole is Germany - 5.8 percent.

Bulgaria ranks in one group with countries such as Belgium, Denmark, Estonia, France and Lithuania, where a level of around 16 percent is reported. For comparison, in March last year, the share of young unemployed people in our country was slightly below 10 percent.

According to Eurostat data, the total unemployment in our country in March 2024 was 4.4 percent, which equates to 134,000 people or 5,000 more than in March 2023.