Bulgaria Ranks Second in EU by Growth in Unemployment

Bulgaria ranks second among EU member states in terms of growth in unemployment, according to the latest figures published by Eurostat.

In June 2011, 11.4% of the economically active Bulgarians were out of work, compared to 10.1% one year earlier.

Greece is the only country to register a worsening situation on the labor market, with unemployment spiraling to 15%.

Eurostat estimates that 22.473 million men and women on the territory of the EU were unemployed in June 2011, down by 706 000 on the year.

In June 2011, Austria recoded the lowest unemployment rates (4.0%), followed by the Netherlands (4.1%) and Luxembourg (4.5%), and the highest in Spain (21.0%), Lithuania (16.3% in the first quarter of 2011) and Latvia (16.2% in the first quarter of 2011).

Compared with a year ago, the unemployment rate fell in nineteen Member States, increased in seven and remained stable in Luxembourg, according to the statistical office of the European Union.

The largest falls were observed in Estonia (18.8% to 13.8% between the first quarters of 2010 and 2011), Latvia (19.9% to 16.2% between the first quarters of 2010 and 2011) and Hungary (11.3% to 9.9%).

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