Bulgaria Boasts Decrease in Unemployment for Seventh Consecutive Month

Bulgaria's unemployment rate has dropped for a seventh consecutive month, reaching 10.4% in August, down by 0.2 percentage points on a monthly basis.

The unemployment rate fell by 0.3 percentage points compared to August 2013, according to the Employment Agency.

The number of unemployed people in Bulgaria decreased by 58 730 in the period January-August 2014.

In August 2014, employment offices across the country reported a total of 342 503 unemployed.

The Employment Agency informed about seven consecutive months of decrease in August.

The total number of unemployed in August 2014 was lower by 4746 compared to July 2014 and lower by 8935 compared to August 2013.

In August 2014, there were a total of 25 032 unemployed aged up to 24, accounting for 7.3% of the total of unemployed.

In August 2013, the number of unemployed people aged up to 24 was higher by 8449.

There were a total of 57 051 unemployed aged up to 29 (including those aged up to 24), accounting for 16.75 of the total.

In August 2014, the total number of unemployed aged up to 29 fell by 13 779 on an annual basis.

The total number of unemployed aged 50+ was 132 942, down by 1487 on the month..

Unemployed people aged 50+ accounted for 38.8% of the total.

In August 2014, a total of 12 746 people started jobs in the primary market, up by 1907 on the year.

Employment offices across the country had a total of 14 129 vacancies in the real sector in August 2014, up by 1389 compared to July 2014, and up by 2197 compared to August 2013.

The largest numbers of primary market vacancies were registered in the processing industry (3694), commerce (1873), administrative and support activities (1823), education (1703), construction (725), real estate operations (714), hotels and restaurants (517), etc.

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