Eurostat: Greece tops unemployment rates in Europe

According to the latest statistical data published by the European statistics authority Eurostat, the rate of unemployment for April in the Eurozone…

According to the latest statistical data published by the European statistics authority Eurostat, the rate of unemployment for April in the Eurozone marginally dropped from 11.8% to 11.7%. Within the European Union, the rate dropped from 10.5% to 10.4% in March. Overall there were 76,000 less unemployed in the Eurozone, totaling 18.751 million.

As expected, the highest rates of unemployment were documented in Greece (26.5% in February) and Spain (25.1%), while the lowest rates were found in Austria (4.9%), Germany (5.2%) and Luxembourg (6.1%). The highest increase of unemployment within a year was documented in Cyprus (15.6% to 16.4%) and the Netherlands (6.5% to 7.2%).

Regarding the youth unemployment in Greece, which has the highest rate in Europe, Eurostat documented an increase from 56.7% in January to 56.9% in February. The highest rates after Greece were documented in Spain (53.5%) and Croatia (49%), while the lowest were found in Germany (7.9%), Austria (9.5%) and The Netherlands (11%).

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