Unemployment in Bulgaria and the EU

COMPARATIVE ANALYSIS

UNEMPLOYMENT
IN BULGARIA
AND THE EU
Daria Dobreva&Daria Kadrekova University
of Economics - Varna
 Unemployment in Bulgaria and the EU

TABLE OF CONTENTS

1 INTRODUCTION
2 UNEMPLOYMENT
IN BULGARIA

3 UNEMPLOYMENT
IN THE EU 4 COMPARATIVE
ANALYSIS

5 CONCLUSION

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 Unemployment in Bulgaria and the EU

INTRODUCTION
Unemployment, also referred to as
joblessness, occurs when people are
without work and are actively seeking
employment. Unemployment therefore
remains the major economic and social
problem confronting the European
Union. While countries in the Union face
a common problem, however, its scale
and characteristics vary a good deal
between countries, and between regions
within countries.

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 Unemployment in Bulgaria and the EU

UNEMPLOYMENT IN BULGARIA

Unemployment in Bulgaria is high and of long duration.

The accumulation of the unemployment stock has been caused by relatively
high inflows into unemployment coupled with limited outflows. These features
of the Bulgarian labor market are typical of other transition economies in
Central Europe and exploring their sources is of broad interest.
Unemployment in Bulgaria in February 2022 was 5.6 per cent, down from
six per cent in February 2021 and unchanged from January 2022, according to
seasonally-adjusted figures published by
EU statistics agency Eurostat on March 31.

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Bulgaria: Unemployment rate from 1999 to 2022

UNEMPLOYMENT IN THE EU
The European Union’s overall
unemployment rate is now at its lowest
point
since before the continent’s financial
crisis
began. But high unemployment
remains a reality in several EU nations,
and a growing share of new jobs in
Europe are temporary, part-time or self-
employed positions.
Unemployment in Bulgaria and the EU
Unemployment rates are also
connected with how people in Europe
view the economic prospects of the
next generation. And youth
unemployment in particular relates to
people’s views of whether children
today will be better off financially
than their parents.
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COMPARATIVE ANALYSIS
Unemployment rate in
Bulgaria in January 2022
was 4.7 per cent, down from
4.8 per cent in December and
down from 6.2 per cent in
January 2021
- European Union statistics
agency Eurostat
Unemployment in Bulgaria and the EU
The EU unemployment rate
was 6.2 per cent in January
2022, down from 6.3 per
cent in December 2021 and
from 7.5 per cent in January
2021.
- European Union statistics
agency Eurostat
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 Unemployment in Bulgaria and the EU

COMPARATIVE ANALYSIS
YOUTH UNEMPLOYMENT
RATE

In January 2022, the youth

Youth unemployment in unemployment rate was 14
Bulgaria in January 2022 per cent in the EU and 13.9
was 15.1 per cent, up from per cent in the euro zone,
14.7 per cent in December down from 14.3 per cent
and down from 17.9 per and 14.2 per cent
cent in January 2021. respectively in the previous
month.

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 Unemployment in Bulgaria and the EU

COMPARATIVE ANALYSIS
UNEMPLOYED PEOPLE
- 209.75 thousand people were unemployed in Bulgaria, in March 2022.
- 13.374 million men and women in the EU, were unemployed in March 2022.

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 Unemployment in Bulgaria and the EU

CONCLUSION/ UNEMPLOYMENT IN BG
Youth unemployment continues to rise, although economic
development has reversed the negative tendency towards
weak growth in 2011.
While at the beginning of the economic crisis, in 2008, there
was a stark reversal of most positive labour market
achievements, now there are no signs of improvement,
especially for young people.
In the past two decades Bulgaria has become a country of
emigrants (approximately 10% of the country’s population
went abroad to search for better jobs).

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 Unemployment in Bulgaria and the EU

CONCLUSION/ UNEMPLOYMENT IN THE

EU
In many European countries, unemployment remains higher
than it was before the beginning of the financial and economic
crisis about ten years ago.
However, with consistent welfare-oriented economic policies,
a significant improvement of the situation could be achieved
at both the national and European level. These policies would
have to be based above all on a public investment offensive
and an active labour market policy. This could reduce the
unacceptably high level of unemployment.

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 Unemployment in Bulgaria and the EU

RESEARCH RESOURCES
● Rutkowski, Jan. 2003. Why is Unemployment so High
in Bulgaria?. Policy Research Working Paper;No.
3017. World Bank, Washington, DC.
● Economic Development and Policies in Bulgaria:
Evaluation and Expectations, Annual Report for 2016,
Institute for Economic Research.
● Novib Contains facts and conclusions drawn from two
reports: Employment in Europe, 1995
● https://www.pewresearch.org/fact-tank/2019/12/11/
how-unemployment-rates-relate-to-economic-attitudes-
in-the-eu/
● https://sofiaglobe.com/2022/03/03/unemployment-in-b
ulgaria-in-january-2022-was-4-7-eurostat
/
● https://
www.macrotrends.net/countries/BGR/bulgaria/unempl
oyment-rate Comparative analysis 13
 Unemployment in Bulgaria and the EU

THANK YOU FOR

YOUR ATTENTION!

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