Unemployment and job vacancies. Theoretical model and empirical analysis for Bulgaria.

Abstract

The unemployment and the issues relating to it refer to the entire population of a given country and that's why they are always relevant. The present article examines the main factors exerting a powerful effect on the unemployment level – the active labour market policy, the labour mobility, the labour productivity and the labor force level. Developed is a theoretical model on the basis of which an empirical analysis is made of the data reflecting the unemployment level in the country over the 2013-2018 period. A special attention is paid to the mutual relation between the unemployment level and the number of the job vacancies, and it is precisely this interdependence that is examined and analysed in the paper using the Beveridge curve.