Unemployment reached 4.8% in November

15.12.2021

UNEMPLOYMENT REACHED 4.8% IN NOVEMBER

The registered unemployment rate in Bulgaria in November was 4.8%, according to data from the Employment Agency. Compared to the previous month it increased by 0.1 percentage points and decreased on an annual basis by 1.9 percentage points. Compared to the end of November 2019, which was a record in terms of employment, the unemployment rate also decreased significantly - by 1.0 points.

The registered unemployed at the end of November were a little over 158 thousand, which is about 3 thousand more than in October and 60 thousand less than a year earlier.

In November, 24,650 new unemployed people registered with the labor offices, which is 682 less than in the previous month, and compared to November 2020 there was a decrease of 4,455 people. Another 416 people from the groups of jobseekers, students and retirees also registered with the Employment Agency during the month.

In November, just over 13,000 unemployed people started working. This is about 2,000 fewer people than in October and 4,000 less than in the same month last year, which corresponds to the more limited demand for new staff during the winter season and the reduced number of registered unemployed. Another 199 people from the groups of pensioners, students and employees have found a new job through the employment offices.

75% of those who started work in November are employed in the real economy, most of them employed in the manufacturing sector - 22%, followed by trade - 18%, hotels and restaurants - 6.7%, government – 5.6%, construction - 5.3%, administrative and support service activities - 4.5%, etc.

A total of over 3,200 unemployed people from the risk groups were employed in subsidized jobs during the month - under employment programs and measures and under schemes of the OP "Human Resources Development".

The "Employment for you" scheme, which started in October 2020 as an anti-crisis measure, has provided employment to just over 41,000 unemployed, and in November alone employment contracts were signed with 2,190 new unemployed.

The number of jobs advertised on the primary labor market in November was 10,109, or 1,646 less than in the previous month and 2,277 less than in the same month in 2020, which is typical for the autumn-winter season.

The largest share of vacancies in the real economy is declared in the manufacturing industry (30%), followed by trade, repair of motor vehicles and motorcycles (13%), administrative and support service activities (10%), hotels and restaurants (9%) management (7%) and education (5%).

The most sought-after professions in business during the month are: machine operators of stationary machines and equipment; sellers; security and protection personnel; skilled workers in the production of food, clothing, wood products and related; personnel employed in the field of personal services; workers in the mining and processing industry, construction and transport; metallurgists and others.