Sat, Feb 11 2012

Bulgaria part of the picture of EU's worsening unemployment

Tue, Sep 01 2009 15:24 CET

byClive Leviev-Sawyer

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Bulgaria part of the picture of EU's worsening unemployment

A queue at a government job centre in Madrid.

The seasonally-adjusted unemployment rate in the euro area – the 16 countries using the common European currency - was 9.5 per centin July 2009, compared with 9.4 per cent in June. It was 7.5 per cent in July 2008.
 
Unemployment across the 27 member states of the European Union was nine per cent in July 2009, compared with 8.9 per cent in June. It was seven per cent in July 2008.
 
For the euro area, this is the highest rate since May 1999 and for the EU27 since May 2005.

EU statistics office Eurostat estimates that 21.794 million men and women in the EU27, of which 15.090 million were in the euro area, were unemployed in July 2009.
 
Compared with June, the number of people unemployed increased by 225 000 in the EU27 and by 167 000 in the euro area.
 
Compared with July 2008, unemployment went up by 5.111 million in the EU27 and by 3.264 million in the euro area .
 
Among EU member states, the lowest unemployment rates were in the Netherlands (3.4 per cent), Austria (4.4 per cent) and Cyprus(5.5 per cent), and the highest rates in Spain (18.5 per cent), Latvia (17.4 per cent) and Lithuania(16.7 per cent).
 
Compared with a year ago, all EU member states recorded an increase in their unemployment rate.
 
The smallest increases were in Romania (5.7 per cent to 6.2 per cent between the first quarters of 2008 and 2009) and Germany (7.2 per cent to 7.7 per cent).
 
The highest increases were in Lithuania (5.8 per cent to 16.7 per cent), Latvia (6.9 per cent to 17.4 per cent) and Estonia (4.1 per cent to 13.3 per cent between the second quarters of 2008 and 2009).

In July 2009, unemployment in the US was  9.4 per cent and in Japan, 5.7 per cent.
 
Bulgaria’s seasonally adjusted unemployment rate in July 2009 was seven per cent, according to Eurostat. It was 5.5 per cent in July last year.
 
Going by the Eurostat figures, the steadily worsening picture in Bulgaria was that in January 2009, unemployment was 5.6 per cent, in February six per cent, in March 6.4 per cent, in April 6.5 per cent, in May 6.6 per cent, in June 6.8 per cent and in July seven per cent.
 

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