17.11.2021
LABOR FORCE IN THE THIRD QUARTER (Q3)
From the beginning of 2021, the monitoring of the labor force in all EU Member States, incl. and in Bulgaria, is carried out in accordance with the requirements of Regulation (EU) 2019/1700 of the European Parliament and of the Council establishing a common framework for European statistics on individuals and households, based on individual data collected through samples and related implementing European Commission regulations in the field of labor statistics. These regulations require changes in the monitoring methodology, primarily related to the definitions of employment and unemployment, which is why the results of the labor force survey for 2021 are not fully comparable with those for previous periods.
Main indicators for the economic activity of the population in the third quarter of 2021:
Employment
In the third quarter of 2021 the total number of employed persons was 3 134.4 thousand, of which 1 677.3 thousand men and 1 457.1 thousand women. The employment rate is 53.4%, respectively 59.7% for men and 47.6% for women.
In the third quarter of 2021 1,967.0 thousand or 62.8% of the employed persons worked in the services sector, 952.6 thousand (30.4%) in industry and 214.8 thousand in agricultural, forestry and fisheries (6.9%). ).
Of all employees 3.8% (118.0 thousand) are employers, 7.1% (221.4 thousand) - self-employed (excluding employees), 88.5% (2 775.4 thousand) - employees, and 0.6% (19.6 thousand) - unpaid family workers. Of the total number of employees 2 104.5 thousand (75.8%) work in the private sector and 671.0 thousand (24.2%) - in the public sector.
In the third quarter of 2021, employment in different age groups is as follows:
The employed persons aged 15 - 64 years are 3 042.0 thousand. The employment rate for the population in the same age group was 69.5% (73.1% for men and 65.8% for women).
The employment rate for the population aged 15-29 is 36.7% (41.5% for men and 31.6% for women).
The employment rate for the population aged 20-64 is 74.5%, respectively 78.5% for men and 70.5% for women.
The employed persons aged 55 - 64 years were 610.1 thousand, or 66.2% of the population in the same age group (71.1% of men and 61.6% of women).
Unemployment
In the third quarter of 2021, 150.6 thousand people were unemployed, of which 85.4 thousand (56.7%) were men and 65.1 thousand (43.3%) were women. The unemployment rate is 4.6%, 4.8% for men and 4.3% for women.
Of all unemployed persons, 15.0% have higher education, 51.9% - with secondary education, and 33.1% - with primary or lower education. Unemployment rates by level of education are 2.1% for higher education, 4.3% for secondary education and 12.8% for primary and lower education, respectively.
In the third quarter of 2021 the number of unemployed persons with a duration of unemployment of less than one year was 73.0 thousand (48.5% of all unemployed), and that of the long-term unemployed (unemployed of one or more years) - 77.6 thousand (51.5%) ). The long-term unemployment rate is 2.4%, 2.6% for men and 2.1% for women, respectively.
Of the total number of unemployed persons 120.9 thousand, or 80.3%, had a previous job, which they left due to dismissal, redundancy or forced termination of business, termination of seasonal or other temporary work and other reasons, and 29.7 thousand, or 19.7 %, looking for a first job.
In the third quarter of 2021 the unemployment rate for the age group 15 - 29 years was 10.3%, respectively 10.7% for men and 9.8% for women.
Economic inactivity
In the third quarter of 2021 the total number of economically inactive persons (persons outside the labor force) was 2,588.1 thousand, of which 1,047.3 thousand (40.5%) were men and 1,540.8 thousand (59.5%) were women. The economically inactive persons aged 15 - 64 are 1,187.6 thousand, or 27.1% of the population in the same age group.
Slight GDP growth for the third quarter Q3
In the third quarter of 2021 the gross domestic product (GDP) increased by 0.4% compared to the corresponding quarter of the previous year and by 0.9% compared to the second quarter of 2021 according to seasonally adjusted data.
According to the express estimates of the NSI for the third quarter of 2021, the GDP in nominal terms reaches BGN 35,577.2 million. The realized value added in the third quarter of 2021 is BGN 30,652.5 million.
By elements of final use, the largest share in GDP is occupied by final consumption with 74.9%, which in value terms amounts to BGN 26,633.2 million. In the third quarter of 2021, gross capital formation was BGN 7,235.8 million and accounted for 20.3% of GDP. The foreign trade balance is positive.
Quarterly changes
In the third quarter of 2021, compared to the previous quarter, GDP according to seasonally adjusted data increased by 0.9%. For the same period the gross value added increased by 1.7%.
According to the express estimates of GDP by elements of final use in the third quarter of 2021, the reason for the registered economic growth according to seasonally adjusted data compared to the previous quarter is the increase in final consumption by 1.8%.
Annual changes
In the third quarter of 2021, GDP according to seasonally adjusted data increased by 0.4% compared to the same quarter of the previous year. Gross value added increased by 0.3%.
Final consumption registered an increase of 5.1%, while gross fixed capital formation decreased by 3.0% in the third quarter of 2021 compared to the corresponding quarter of the previous year according to seasonally adjusted data. Exports of goods and services increased by 12.5% and imports of goods and services increased by 11.1%.
