According to Eurostat’s latest published data, the rate of unemployment in Greece reached 28% in November 2013. The European statistics authority remarked that Greece consistently has the highest rate of unemployment in the EU.
The rate of unemployment rose from to 28% from 27.7% in October, meaning that there were 1.382 million unemployed in Greece. The rate of unemployment affecting men and women was 24.9% and 32.2% respectively, while the rate of people under 25 years of age was 59%.
As mention, Greece has the highest youth unemployment rate (59%), followed by Spain (55.3%) while Germany and Austria have the lowest rates (7.7% and 9.7% respectively).
The greatest change in the rate of unemployment throughout a year was documented in Cyprus (14.4% to 16.8%), followed by Greece (26.3% to 28%) and Croatia (17.4% to 18.8%). Conversely, the greatest drops in unemployment were in Latvia (14.3% to 11.5%), Portugal (17.6% to 15.3%) and Hungary (11.1% to 8.8%).
Overall, the unemployment rate in the Eurozone remained stable at the 12% rate it climbed to in October 2013. Likewise, the rate for the European Union remained unchanged at 10.8%. As for absolute number, there were 22.231 unemployed in the EU, of which 19.175 were from Eurozone members.
