November 14 (SeeNews) - Bulgaria’s unemployment rate dropped to 5.0% in the third quarter of 2018 from 5.8% in the same period last year, the National Statistical Institute (NSI) said on Wednesday.
Youth unemployment, covering persons in the age bracket 15-29 years, dropped to 8.2% in the period under review from 9.9% in the third quarter of last year, NSI said in a quarterly labour force survey.
Long-term unemployment rate - covering people who have been without a job for more than a year - was 3.1% in the third quarter, or 105,200 people.
The employment rate among people aged 15 to 64 rose by 0.3 percentage points year-on-year to 68.8% in the review period.
The share of economically active people aged 15-64 fell by 0.3 pp to 72.5% in the third quarter.
There were 1.24 million economically inactive persons aged 15-64 in the third quarter, or 27.5% of the population in this age group. Of them 78,800, or 6.3%, were discouraged persons.