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Date stated in the original: 30 April 2016. Review note: 6 November 2026.

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Bulgaria: the largest decline in unemployment in the EU—image from the original website

Bulgaria is among the European countries with the largest fall in unemployment compared with the previous year, Eurostat data show. Overall, unemployment in the euro area fell slightly to 10.2% in March from 10.4 per cent in February. Year on year, it recorded a sharp fall to the current 10.2 per cent, compared with 11.2% in March 2015. This is the lowest unemployment level in the euro area since August 2011. Across the 28 European Union countries, unemployment in March 2016 was 8.8%, compared with 8.9% in February and 9.7% in March 2015. This is the EU's lowest unemployment rate in the past seven years, or, more precisely, since April 2009. Eurostat estimates that a total of 21.419 million men and women in the EU and 16.437 million in the euro area were without a livelihood in March 2016. Compared with February 2016, the number of unemployed fell by 250,000 in the EU and 226,000 in the euro area. Compared with March 2015, unemployment fell by 2 million people in the EU and 1.4 million in the euro area. Among EU members, the lowest unemployment levels were in the Czech Republic (4.1%) and Germany (4.2%). The highest rates were in Greece (24.4%) and Spain (20.4%). Compared with a year earlier, unemployment fell in March 2016 in 25 countries and rose in Austria (from 5.6% to 5.8%), Latvia (from 9.8% to 9.9%) and Finland (from 9.2% to 9.3%). The largest falls were recorded in Cyprus (from 16.2% to 12.1%), Bulgaria (from 10% to 7.3%) and Spain (from 23% to 20.4%). In the United States, unemployment in March was 5%, slightly above February's 4.9%. However, it was lower year on year than in March 2015, when the unemployed accounted for 5.5% of the population.

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