Unemployment in Bulgaria was down from 11.2 per cent in September 2014 and from 13 per cent in October 2013, according to Eurostat. Year-on-year, the decrease in the unemployment rate in Bulgaria was among the largest in the EU.
The latest figure means that about 367 000 people in Bulgaria are jobless.
The EU figure for October 2014 was stable compared to September 2014 and down from 10.7 per cent in October 2013.
The euro zone seasonally-adjusted unemployment rate was 11.5 per cent in October 2014, stable compared with September 2014 but down from 11.9 per cent in October 2013.
Compared with October 2013, unemployment fell by 1.549 million in the EU28 and by 547 000 in the euro area.
Among the EU member states, the lowest unemployment rates were recorded in Germany (4.9 per cent) and Austria (5.1 per cent), and the highest in Greece (25.9 per cent in August 2014) and Spain (24.0 per cent)....................http://sofiaglobe.com/2014/11/28/eu-unemployment-10-in-october-2014-bulgaria-11-1-eurostat/
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Draft Joint Employment Report – frequently asked questions ...
ReplyDeleteThe new cycle of the European Semester, the EU's yearly economic policy-making cycle, has been launched with the publication of the Annual Growth Survey 2015 by the European Commission. The latest draft Joint Employment Report, which accompanies the Annual Growth Survey 2015 analyses employment and social trends and challenges as well as presents the policy responses deployed by Member States to improve the employment and social performance. It also contains the second edition of the scoreboard of key employment and social indicators introduced to strengthen the social dimension of the Economic and Monetary Union by gaining a better understanding of the labour market and social developments at risk. The Report serves as a basis for further analysis, surveillance and coordination throughout the European Semester.
The draft Joint Employment Report will be endorsed by the EU's Council of Employment and Social Affairs Ministers and then presented to the European Council in order to feed into the European Semester process and surveillance.
What are the recent labour market and social trends and challenges?
Unemployment is slowly decreasing but remains at high levels in the EU-28, 24,6 million (10,1%) in September 2014. Developments in unemployment across the EU still vary widely, but have stopped diverging further. Long-term unemployment is still rising. Between 2010 and 2013 the long-term unemployment rate increased has from 3.9% to 5.1% in the EU-28. Youth unemployment remains at very high levels, 21.6% in the EU-28 in September, but is showing signs of improvement while the proportion of young people (15-24) not in employment, education or training (NEET) has remained high. Early school leaving levels are gradually going down, making progress towards the target of less than 10% school drop-outs by 2020. Similarly, Europe is also making good progress towards the target of achieving a tertiary or equivalent attainment rate of at least 40% by 2020.
While activity rates have withstood the crisis years well in most Member States, the EU employment rate continues to show a negative trend..................http://europa.eu/rapid/press-release_MEMO-14-2234_en.htm?locale=en
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