Unemployment

In the month of July, the record low level of unemployment of 4.2 percent was preserved, the same was the percentage for June, reports the Bulgarian Employment Agency. Those registered in the labor offices increased slightly by 416 people, and this was mainly due to the registration of Ukrainian refugees with the status of temporary protection.

Türkiye's unemployment rate declined from 11.2 percent in April to 10.9 percent in May, the Turkish Statistical Institute (TÜİK) said on July 13.

The number of unemployed fell by 56,000 on a monthly basis to stand at 3.79 million people as of May, data from TÜİK showed.

Albanian Central Bank governor Gent Sejko at a press conference in Tirana on July 6, 2022. Photo: LSA

Bank governor Gent Sejko warned the country that a current inflation rate of 6.7 per cent might not have peaked, adding that while the country is expected to avoid a recession, growth will likely fall.

The market review highlighted continued signs of short-term rental growth while also cautioning against the possible influence of inflation & high gas prices

The PM said Greece is another Greece. It belongs to the states with the highest growth and the highest unemployment reduction in Europe

The government will increase the salaries of active and retired civil servants more than the six-month inflation rate, Labor and Social Security Minister Vedat Bilgin has said.

"We will make an additional raise of social protection for public servants above the inflation rate," he said, adding that the increase will also include retired civil servants.

Travel on Britain's railway system ground to a halt again yesterday, as the second of three days of widespread strike action this week billed as the biggest in decades got underway.

Thousands of rail workers staged the latest day-long walkout over pay and working conditions, plunging commutes into chaos and forcing many people to stay at home.

As Britain's economy grapples with the impact of a record number of job vacancies, a labor market expert has warned that the problem may continue for another three to five years.

British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official data showed yesterday.    

Gross domestic product fell 0.3 percent in April after a drop of 0.1 percent in March, the Office for National Statistics said in a statement.    

Turkey's unemployment rate increased slightly by 0.1 percent from March to stand at 11.3 percent in April, the Turkish Statistical Institute (TÜİK) said on June 10.

The number of unemployed rose by 65,000 to 3.85 million people, data from TÜİK showed.

The unemployment rate was 9.7 percent for men and 14.5 percent for women in April.