Labour economics

NSI: Total Hourly Labour Cost Rose by 10.0% in 2019

Preliminary data of the National Statistical Institute (NSI) for the third quarter of 2019 indicate that the total hourly labour cost rose by 10.0% compared to the third quarter of 2018. The total hourly labour cost grew by 8.3% in industry, by 10.5% in services and by 10.1% in construction, the National Statistical Institute said in a press release.

The Average Salary Increased to BGN 1,266 in September

With the end of the active summer tourist season, the number of employees under labour contract decreased by 39.1thousand, or 1.7%, compared to the end of June 2019, reaching 2.31million. At the same time, the average gross wage continues to rise, reaching BGN 1266 in the ninth month, against BGN 1224 in August and BGN 1257 in July.

Bulgaria Has a Labor Market Reserve of Over 200,000 Inactive People of Working Age

Bulgaria has a substantial reserve on the labour market of over 200,000 people of working age who are inactive.

Prompting these people to be active and seeking employment opportunities for people with disabilities is a priority of the national employment action plan for next year, Deputy Minister of Labour and Social Policy Lazar Lazarov told reporters.

Experts Forecast Total Change on the Job Market around 2030

Business predict total change in the labour market by 2030. 85% of the professions will be entirely new, and employers will increasingly rely on machines and robots instead of human labour. The founder of the Software University, Svetlin Nakov, said on 21st of March at a conference on the future of work, organised by the Ministry of Labour and Social Policy.