Youth unemployment

young people in Bulgaria today exhibit a higher level of education but tend to marry less frequently and have fewer children compared to their peers since the onset of democratic changes in the late 1980s and early 1990s. Currently, this demographic primarily finds employment in the service sector and in business and administrative roles.

Chinese leaders are considering pumping more than $140 billion into the country's large state-run banks in the first such move to support the flagging economy since the global financial crisis, a report said on Thursday.

Türkiye's unemployment rate declined from 9.2 percent in June to 8.8 percent in July, according to data released on Sept. 10.

The number of unemployed people fell by 112,000 from a month earlier to 3.2 million as of July, the Turkish Statistical Institute (TÜİK) data showed.

More than half of the unemployed in Bulgaria lack professional qualifications, according to data from the Employment Agency. This group has grown by 8% compared to the first half of last year. Currently, over 152,000 people are unemployed in Bulgaria, with more than 87,000 of them lacking professional qualifications.

Authorities are preparing to launch a program under which jobless people are hired to work three days a week in public institutions in a bid to address the unemployment problem.

In the first month of the program, those people will receive training at public institutions in different fields.

The global youth unemployment rate reached a 15-year-old low of 13% in 2023, lower than the pre-pandemic year of 2019 (13.8%), according to the International Labor Organization. In Greece, the rate was 22.3%.

However, the ILO is worried about the precarity of many of the jobs those aged 15-24 find and which contributes to high anxiety levels.

Global youth unemployment is at its lowest level for 15 years, the United Nations said on Monday, though not all regions have yet recovered from the COVID-19 slump.

The number of 15- to 24-year-olds who are not in employment, education or training (NEET) is concerning, the U.N.'s labor agency said, adding that the post-COVID-19 pandemic recovery has not been universal in all regions.

The unemployment rate in Türkiye was 8.4 percent in May, down by 0.1 percentage point from April, the Turkish Statistical Institute (TÜİK) revealed on Wednesday.

The number of unemployed persons aged 15 years old and over decreased by 27,000 to 3,000,011, according to TÜİK data.

Unemployment has remained at a double-digit rate for 14 years.

Even in the last 18 months of contraction, it has failed to drop below 10%, with experts pointing to a pool of 500,000 unemployed at the hard core of the phenomenon.

Its rate may have decreased last March to 10.2% from 10.8% in February, but it remained above the 10% barrier.

Türkiye's unemployment rate declined slightly from 8.9 percent in November to 8.8 percent in December 2023, the data from the Turkish Statistical Institute (TÜİK) have shown.

The number of jobless people fell by 12,000 from November to stand at 3 million in December.

The unemployment rate among men was 7.1 percent, while it was 12 percent among women, TÜİK said.