Bulgaria Unemployment Rate Grows in Q1

Figures

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Bulgaria recorded an unemployment rate of 5% in the first quarter of 2024, marking an increase of 0.6 percentage points (pp) compared to the same period last year, the Sofia-based National Statistical Institute (NSI) said on Tuesday.

The employment rate among those aged 15 to 64 went down by 0.2 p.p. year-on-year to 70.2%, which corresponded to some 2.8 million people, the statistics agency said.

The share of economically active people aged 15-64 stood at 74% in Q1, up 0.3 p.p. from a year earlier. In the first quarter, the overall number of unemployed stood at 152,500, reflecting an annual rise of 17.6%.

Men made up 53.2% of all unemployed as of end-March. Youth unemployment, or the share of people in the 15-29 age bracket who were not working, leapt by 2.2 p.p. on the year to 9.3%, which was equivalent to 31,600 unemployed youth.

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