Unemployment

Economic sentiment in Greece saw a significant improvement last month as the economy is seen to be becoming more stable and some growth is anticipated in the latter half of the year, according to the monthly survey of the Foundation for Economic and Industrial Research (IOBE), published on Monday.

One third of 11.7 million young people in Turkey are either unemployed as they have not been able to find a job or they are neither in school nor holding a job As the world and Turkey proceed toward economic shrinkage, it is the young population who is the most anxious about it.

A union representing workers in the private sector in Kosovo said his members were suffering badly in comparison to workers in the public sector - whose wages have been raised repeatedly by the government.

Jusuf Azemi, leader of the Independent Trade Union of Private Sector workers, told Balkan Insight that some workers in the private sector were struggling on only 120 euros a month.

The unemployment rate in Montenegro has risen by a sixth consecutive month, and is now 2 per cent higher compared to the same period last year, the latest data show.

The Employment Bureau on Tuesday reported that the number of unemployed adults rose to 31,190 in September and to 32,670 this week.

Asen Angelov, Executive Director of Bulgaria's Employment Agency, has underscored the inefficiency of labor market policy, drawing attention to the fact that they have remained unchanged for over eight years and have only had a temporary effect.

A total of 8,000 new jobs will be financed under an employment project as the first framework contracts with employers have already been signed, Bulgaria's National Employment Agency announced.

Some 5,000 unemployed Bulgarians are expected to be hired by the end of October 2014, money.bg reports.

The slowdown in economic activity is taking its toll on employment. According to figures released on Oct. 15, the seasonally adjusted non-farm unemployment rate surged to 12.5 percent in July.

Turkey’s unemployment rate increased 0.7 percent in July, up to 9.8 percent from 9.1 percent in June, official data has shown

The level of youth unemployment in Bulgaria decreases, said Elka Dimitrova, head of the Labour Market Policies department at the Labour and Social Policies Ministry, quoted by BTA.

According to Dimitrova, year-on-year unemployment among people up to 29 years of age has dropped by 5%, to 23%. In her words, this was below the average for the EU.

Bulgaria's unemployment rate stood at 10.5% in September, according to the Employment Agency.

In September 2014, the unemployment rate went up by one tenth of a percent on the month, but decreased by 0.3% on the year.

In absolute terms, over 345 000 people were registered as unemployed.