Unemployment in our country remains at the same level in August

04.10.2022

UNEMPLOYMENT IN OUR COUNTRY REMAINS AT THE SAME LEVEL IN AUGUST

The seasonally adjusted unemployment rate in the European Union in August was 6 percent. The indicator has maintained its values ​​compared to July, and compared to August 2021 it has fallen by 0.8 percentage points. The unemployment rate in the euro area reached 6.6 percent in August, also unchanged from a month earlier, but on an annual basis, it fell by 0.9 percentage points. This is shown by the latest seasonally adjusted data of the European statistical agency Eurostat, published on its website.

The unemployment rate in Bulgaria in August remained unchanged from July - 4.6 percent, which, however, compared to August 2021, is a decrease of 0.4 percentage points, according to the seasonally adjusted data of Eurostat. This represents 151 thousand Bulgarians who did not have a job in August, but were actively looking for one and were ready to start one. In August 2021, they were 161 thousand.

Native youth unemployment (persons under the age of 25) in August rose to 13.8 percent (equivalent to about 18,000 people) from 13 percent in July. However, on an annual basis, the decrease in the indicator is significant, as in August 2021 it was 16.1 percent.

12.921 million people in the EU, of which 10.966 million were in the euro area, were unemployed in August 2022. Compared to July, the number of unemployed decreased by 52,000 in the EU and by 30,000 in the euro area. Compared to August 2021, the unemployed were 1.682 million fewer in the EU, and 1.358 million fewer within the euro area.

In August 2022, the unemployment rate for women in the EU was 6.4 percent, while the unemployment rate for men was 5.7 percent.

Youth unemployment

In August, 2.614 million people under the age of 25 were unemployed in the EU, of which 2.136 million were residents of the euro area. In August 2022, the youth unemployment rate was 13.8 percent in the EU, unchanged from the previous month. Youth unemployment in euro area countries was 13.9 percent, down from 14 percent in July.

Compared to August 2021, in this year's August, youth unemployment decreased by 293 thousand people in the EU and by 234 thousand people in the Euro area.