Unemployment in Bulgaria during the period 1996-1998

Unemployment in Bulgaria during the period 1996-1998

The high rate of unemployment is a new social and economic phenomenon in Bulgarian reality after the fall of communism and the transition from centrally planned economy toward market economy. Unemployment appears with the establishment of free market relations and the transformation of free force into stocks.
Unemployment is such a state of the labor market at which the supply of labor force is greater than its demand. The project and the Law on protection against unemployment and encouragement of employment define unemployment according to criteria accepted by the International Labor Organization. These criteria are the person’s ability to work, the person’s labor status and the person’s activity in the search of jobs.
According to these criteria unemployed is considered every individual that is:
· physically and mentally fit for work,
· at an age legitimate to work
· not employed (i.e. ...