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Unemployment in Bulgaria Falls to 8.9 % in October

1 min read Source: Novinite

From our news archive: this article was published in November 2010. Figures and rules may have changed since.

The unemployment rate in Bulgaria has continued its gradual fall for an eighth consecutive month in October, reaching 8.9%, Labor Minister, Totyu Mladenov has announced.

In the same month, 334 671 was the total number of people registered in employment bureaus, Mladenov clarified. This indicates a drop by 4 300 in comparison to September.

According to the Labor Minister, the 2010 over-the-year unemployment rate will be 9.5%, which is approximately 2% lower than the initially expected 11.4% by the Bulgarian state budget.

After the Bulgarian unemployment rate peaked in February 2010 at 10.2%, it has been decreasing slowly but steadily in the last 8 months.

However, there has been a decrease in Bulgaria's employment, according to the National Statistic Institute (NSI).

"Nobody forces forces people with machine guns to register themselves in employment bureaus. We live in a democracy.", Minister Mladenov replied when asked about the information inconsistency between NSI and the Bulgarian Employment Agency.

Originally published by Novinite.

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