Bulgaria Unemployment Rate Edges up in Q3

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Bulgaria recorded an unemployment rate of 4% in the third quarter of 2023, which reflected an increase of 0.4 percentage points (pp) compared to the same period last year, the Sofia-based National Statistical Institute (NSI) said on Friday.

In the third quarter, the overall number of unemployed stood at 125,000, reflecting an annual rise of 12.6%.

Men made up 55.9% of all unemployed. Youth unemployment, between 15-29 ages, climbed by 0.3 pp on the year to 8.3%, equivalent to 29,300 unemployed youth.

The employment rate among aged 15 to 64 went down by 0.6 p.p. year-on-year to 71.5%, which corresponded to some 2.85 million people, data showed. 

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