15.04.2021

UNEMPLOYMENT IN OUR COUNTRY HAS RISEN THE MOST

Unemployment in Bulgaria has risen the most compared to other countries in the European Union, Eurostat reported.

In the last quarter of 2020, it increased by 0.3% compared to the previous quarter to a level of 5.4%. In the EU as a whole, unemployment is falling in 18 of the 27 countries.

The largest decline was in Luxembourg (by 1.9%), followed by Ireland and Portugal - by 0.7 percent.

Luxembourg is also the country with the most significant increase in employment between the third and fourth quarters of 2020 - by 2.1%.

At the opposite pole are Slovakia and Belgium, where employment is down 0.3%.

At the same time, employment in Bulgaria is growing at a slightly faster rate than the EU average - within 0.6 points.

Overall, the EU labor market is showing weak signs of recovery at the end of 2020, according to Eurostat.