Income in the United States

Labor, taxation and social welfare policies in countries around Europe and Central Asia must be brought into the 21st century to tackle rising inequality between groups and help workers face increased uncertainty, a new World Bank study has said.

Inspectors of the National Revenue Agency (NRA) start inspections of 290 people, who have spent more than 50,000 leva in past years but have no officially declared income.

The unemployment in the US fell to 3.8% in May, the lowest since 2000, according to US Labor Department.

The new jobs are 223,000. Expectations were much lower, namely 190,000, writes The Wall Street Journal.

US employers have added new jobs for 92 consecutive months, continuing the longest similar series in the history.

The large divergence in the degree to which tax burdens are distributed among Greeks is revealed in a recent survey conducted by Greek think tank IOBE for the research center diaNEOsis.

The average expenditure per household in Bulgaria rose 13.2% year-on-year to BGN 1,368 ($872.5/699.4 euro) in the fourth quarter of 2017, the National Statistical Institute (NSI) said on Thursday.

Expenditure on food had a share of 31% of total household spending during the October-December period, while expenditure on housing constituted 18.8% of the total, NSI said in a statement.

Nearly 60% of employers in Bulgaria are planning an increase in wages in 2018.

One third of the business does not foresee change, and every tenth employer still has not decided whether to change the company's salary. No one has planned a reduction so far.

The total income average per household member during the third quarter of 2017 is 1 431 BGN and increases by 9.4% compared to the same quarter of 2016. This was announced by the National Statistical Institute (NSI). 

The total income average per member during the second quarter of 2017 is 1 355 BGN and increases by 9.4% compared to the same quarter of 2016. The highest relative share of income within the total income is this from wages and salaries (56.7%). The relative share of income from pensions is 26.3%, from self-employment - 6.8% and from social benefits - 3.4%.

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Statistics from 2016 tax declarations reveal a major drop in Greek earnings, with two out of three households declaring incomes of below 1,000 euros a month. In the last five years the share of those households has risen from 49 to 64.11 percent, a figure that looks likely to rise.