Unemployment in Bulgaria reaches 12.3%

The share of unemployed people in our country has reached 12.3% of working-age Bulgarians. Discouraged people aged 15 to 64 are nearly 237,000, or 14.4% of the jobless people in this age group, exceeding 1,645,000. According to data of the National Statistical Institute (NSI) on the economic activity of the population in Q2 2012, the number of unemployed in the country was 409,500 - 243,000 men and 167,000 - women. The number of unemployed increased by 10%, compared to Q2 2011.

A total of 228,000 Bulgarians, or 55.6% of all jobless people, have been unemployed for over a year. In comparison to Q2 2011, their number increased by 9.8%. The long-term unemployment rate rose by 0.6 percentage points to 6.9% in the second quarter of this year.

In Q2 2012, the total number of employed people (aged over 15) reached 2,900,000 and their share of the population of the same age was 46.2%. The number of employed decreased by 32,300, or 1.1%, compared to the second quarter of 2011 and their relative share remained almost unchanged. Just over 1,500,000 (52.5%) of all employed Bulgarian in Q2 2012 were men and nearly 1,390,000 (47.5%) - women. Some 814,100, or 27.9%, were university graduates and 1,773,100 – with secondary education.

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