Bulgaria’s labour market prospects stabilising – survey

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Labour market prospects in Bulgaria are gradually stabilising since the start of the coronavirus pandemic, a survey published by Germany-based Institute for Employment Research (IAB) showed.

During the April-September period, the labour market indicator for Bulgaria grew by 7.9 points to 98.9 points (on a scale of 90 to 110), a European Labour Market Barometer survey published by IAB showed on Tuesday. In comparison, the barometer for the European labour market stood at 98.7 points in September.

Compared to August, however, the indicator for Bulgaria decreased by 0.5 points in September, according to the survey.

The European Labour Market Barometer is a new initiative of the IAB, reflecting the expected short-term development of unemployment and employment in the European labour market. The barometer is based on a monthly survey among local branches of the employment services in the respective countries included in the initiative. The branches are asked about the expected development of unemployment and employment in their district.

“The situation in the European labour market is stabilising, but the crisis is not yet over,” the IAB noted.

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