Unemployment Rate in Bulgaria Hits Three-year Low.

13.12.2002 Source: Novinite.com

Unemployment rate in Bulgaria hit a three-year low, reaching 16,8 % or 625,000 jobless in November, the Social Ministry announced. This marks a drop of 10% in comparison with the beginning of the year. The Ministry commented the data as confirming the trend for permanent reduction of unemployment over previous periods and especially year on year. The downward trend in jobless figures is in line with the processes of new jobs creation, registered in surveys of the labour force of National Statistical Institute. The decrease in registered unemployed Bulgarians entitled to compensation also hit a record with 25% down over last year.