255,000-Plus Unemployed Found Work during 12-Month Pandemic, February Jobless Rate at 6.9%

NW 20:27:01 15-03-2021
LN2042NW.333
ECONOMY - UNEMPLOYMENT - STATISTICS

255,000-Plus Unemployed Found Work
during 12-Month Pandemic,
February Jobless Rate at 6.9%


Sofia, March 15 (BTA) - A total of 255,031 people registered as unemployed, or an average of 21,250-plus monthly, started work during the 12 months since the COVID-19 pandemic reached Bulgaria, the National Employment Agency (NEA) said in a press release on Monday.

In February 2021 alone, 18,230 jobless persons were re-employed, 3,925 more than in January.

Of the 80.5 per cent of all who found work in the real economy in February, manufacturing employed the largest proportion (24 per cent), followed by wholesale and retail trade (16 per cent), general government (6.5 per cent), human health and social work activities (5 per cent), and construction (4.9 per cent).

As many as 3,560 unemployed of the vulnerable groups took up subsidized jobs during the month.

The registered unemployment rate in Bulgaria in February 2021 was 6.9 per cent, down 0.1 percentage point from January 2021 and up 0.7 percentage points from February 2020. The 225,281 people registered at labour offices by February 28, 2021 were 4,469 fewer than in January and 22,781 more than in February 2020.

New labour office registrations numbered 24,897 in February 2021, which was 10,129 less than in January 2021 and 2,156 more than in February 2020.

Short-term employment retention measures, popularly known as "60/40" and "80/20", remain in operation, with over 75,000 employees receiving compensations under these schemes in February. Another measure called "Keep Me", co-financed by
Operational Programme Human Resources Development and the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU) package, provided compensations in February to nearly 48,500 employees forced to take unpaid leave because of the suspension of a number of economic activities in a bid to
control the COVID-19 pandemic. During the year-long period of anti-epidemic restrictions, these anti-crisis measures have helped more than 400,000 people to keep their jobs.

Demand for labour is growing, with 13,469 vacancies announced on the primary labour market in February, up by 2,118 (18.7 per cent) month on month. The largest proportion of unfilled jobs in the real economy were available in manufacturing (27.9 per cent), followed by general government (12.2 per cent), wholesale and retail trade, repair of motor vehicles and motorcycles (9.9 per cent), accommodation and food service activities (9.8 per cent), administrative and support service activities (7.9 per
cent), and agriculture, forestry and fishing (5.5 per cent). NV/LG


//