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Bulgaria’s unemployment hits record low

Photo: BGNES-archive

Bulgaria’s unemployment fell to 4.6% in March 2019. This is the lowest unemployment rate since 2000, when Eurostat started publishing data about Bulgaria. In February this year unemployment was at 4.7%. One year earlier 5.3% of the Bulgarians in active age were unemployed. In March 2019 the EU unemployment fell to 6.4% and unemployment in the Eurozone fell to 7.7%. The record-low unemployment levels in the whole EU mean that the risk of economic recession is low. Theoretically, the very low unemployment levels in Bulgaria should boost consumer spending and respectively the national economy, which in 2018 suffered from the weakening exports.




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