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Bulgaria's Unemployment Rate Falls in Q4

Figures

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Bulgaria's unemployment rate declined by 0.6 percentage points (p.p.) year-on-year in the last quarter of 2022, to 3.9%, the Sofia-based National Statistical Institute (NSI) said on Friday.

The employment rate of people aged 15 to 64 increased by 3 p.p. on the year in the fourth quarter, to 71.5%, or 3.1 million people.

The share of economically active people in this age bracket was 74.4%, up by 2.6 p.p. in annual terms.

In Q4, the number of unemployed people dropped by an annual 12.5% to 128,300 of whom 55.2% were men. Youth unemployment, or the share of jobless people in the 15-29 age group, fell by 2.2 p.p. to 7.5%, corresponding to 30,900 people.

The long-term unemployment rate, or the share of those who had been jobless for a year or more, edged down by 0.5 p.p. to 2%, or 67,600 people.

There were about 1.11 million economically inactive people aged 15-64 in the last quarter of 2022, of whom 629,400 were women, data showed. 

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