Bulgaria's Unemployment Rate Remains 12.5% in February 2013

Bulgaria's unemployment rate remained 12.5% in February 2013, with no change as compared to the previous month, according to Eurostat.

The Balkan country's unemployment rate was 12.0% back in February 2012.
The euro area seasonally adjusted unemployment rate was 12.0% in February 2013, stable compared with January. The EU27unemployment rate was 10.9%, up from 10.8% in the previous month. In both zones, rates have risen markedly compared with February 2012, when they were 10.9% and 10.2% respectively.

Among the Member States, the lowest unemployment rates were recorded in Austria (4.8%), Germany (5.4%), Luxembourg (5.5%) and the Netherlands (6.2%), and the highest in Greece (26.4% in December 2012), Spain (26.3%) and Portugal (17.5%).

Compared with a year ago, the unemployment rate increased in nineteen member states and fell in eight. The highest increases were registered in Greece (21.4 % to 26.4% between December 2011 and December 2012), Cyprus (10.2% to 14.0%), Portugal (14.8% to 17.5%) and Spain (23.9% to 26.3%).

The largest decreases were observed in Latvia (15.6% to 14.3% between the fourth quarters of 2011 and 2012), Estonia (10.8% to 9.9% between January 2012 and January2013) and Ireland (15.1% to 14.2%).

Source: www.novinite.com