BULGARIA’S OFFICIAL UNEMPLOYMENT RATE DROPS TO 11.8% MARCH 2013
Bulgaria's unemployment rate in March 2013 was 11.8%, down by 0.2 percentage points compared with February, according to latest data of the State Employment Agency.
A total of 388 523 people were officially registered as unemployed in Bulgaria in March, the Agency said, 4 225 than the previous month, and 406 more than in March 2012.
A total of 20 933 persons registered as unemployed found jobs in March, up by 3 688 compared with the previous month.
The statistics only cover those registered with the national employment agency. The Balkan country’s real jobless rate is believed to be above 18% -- and more than 40% for young people.
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