Bulgaria's Unemployment Hits 11% in Oct 2012

Business | November 16, 2012, Friday // 16:27|  views

According to Bulgaria’s Employment Agency, the unemployment rate in October was 11%, up by 0.4% month on month. File photo

Unemployment in Bulgaria has reached 11% in October 2012, according to data of the Employment Agency, which is 0.4% higher than September.

Most of those who lost their jobs were seasonal workers in the sectors of tourism, transport, trade and farming.

6 000 have started jobs under the EU operational program Human Resources Development and employment programs, while a total of 18 139 have found work in October, which is by 1 200 higher, compared to October 2011. 5 600 job openings were listed for unemployed youth, age 29 and under.

On Thursday, Social Policy and Labor Minister, Totyu Mladenov, declared the fight against unemployment will be the priority of his institution during 2013. He has already ordered the opening of 600 offices of the Employment Agency in smaller towns, with the focus being on young people, people over the age of 55, and the disabled. BGN 452 M have been slated for their education and training.

Mladenov further promised more daycare centers so that young mothers can quickly rejoin the work force. He voiced hope retirees with the lowest pensions will be able to receive the so-called "Christmas bonuses," on grounds the revenues in the State budget were coming according to the plan.

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Tags: retirees, disabled, youth, Totyu Mladenov, EU Operational Program Human Resources Development, jobs, Employment Agency, unemployment rate, young people, education, training


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