Reports: Unemployment rate of Bulgaria falls to 4%
Reports: Unemployment rate of Bulgaria falls to 4%

Sofia, Bulgaria: The unemployment rate of the European country in the month of April 2022 was 4%. The data has been shared by the European Union statistics agency Eurostat on June 1, 2022.

The rate had witnessed a decline as compared to that of April 2021, when unemployment stood at 5.6%. The month of March 2022 had an unemployment rate of 4.2%, the official data further reveals.

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There are a total of 128 000 unemployed people in Bulgaria in the month of April this year, which in the year 2021, the same month was 181 000.

Meanwhile, the youth employment rate in Bulgaria of April 2022 was computed for around 13.9, almost 16 000 people under the age of 25.

On the other end, the youth employment rate of Bulgaria in the same month for the year 2021 was 14.9, estimated to cover nearly 18,000 individuals under the age of 25 years, according to the data presented by Eurostat in its recent report.

For the month of March 2022, the youth unemployment rate in the Balkan state was counted for 14.3% (covering 17 000 Bulgarian youth under-25).

However, the unemployment rate among youngsters in the whole European region was calculated for 2.6 million (who are under 25) for the month of April 2022.

The unemployment rate of the European country witnessed a significant decline timely during the last months.

What is Eurostat?

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Eurostat is a Directorate-General of the European Commission situated in the Kirchberg quarter of Luxembourg City, Luxembourg.

South Africa possesses the highest unemployment rate with a percentage of 29.7, followed by Kosovo (partially recognized) – 26.2%, then Djibouti – 26.1%, and West Bank& Gaza Strip (occupied Palestine) – 25.9%.

However, in the entire region of Europe, Spain is the country with the highest unemployment rate at 13.5 percent, followed by Greece at 12.9 percent, while Czechia has the lowest unemployment rate in Europe, at 2.3 percent.