Bulgaria Unemployment Rate Rises in Q4
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Bulgaria posted a jobless rate of 4.2% in the fourth quarter of last year, or 0.5 percentage points (p.p.) higher than in the comparable period of 2022, the Sofia-based National Statistical Institute (NSI) said on Friday.
The employment rate among aged 15 to 64 in October-December fell by an annual 1.2 p.p. to 70.5%, corresponding to some 2.81 million people, the agency said. Youth unemployment, or the share of people in the 15-29 age bracket, increased by 0.4 p.p. to 7.9%, equivalent to 26,600 people.
The long-term jobless rate, or the share of those without a job for a year or more, rose by 0.2 p.p. to 2.2%, representing 51.7% of all unemployed.
There were some 1.05 million economically inactive people aged 15-64 in the Q4, of whom 593,600 were women, data showed.
The total number of people aged 15-64 not in the labor force was equal to 26.3% of the population in that age group.
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