Eurostat: Greek unemployment drops to 25.8% in October
The European statistics authority Eurostat has published its latest figures on unemployment in Europe, according to which Greece…
The European statistics authority Eurostat has published its latest figures on unemployment in Europe, according to which Greece had a rate of 25.8% in October, the highest in the EU.
This was an improvement compared to October 2013, when the rate was 27.8%, however Greece still has the highest rate in Europe, leaving crisis-stricken Spain in second place with a 23.7% rate. The lowest rates were documented in Germany (4.8%) and Austria (4.9%).
Furthermore, Eurostat claims that there were 1.24 million unemployed in Greece in October, with unemployment affecting 23.1% of men, 29.3% of women and 50.6% of people under the age of 25.
The rate of unemployment in the Eurozone dropped from 11.5% in November 2014 to 11.4% in December, when at the same time the overall rate in the European Union dropped from 10% to 9.9%. Eurostat does not have any figures for Greece in November and December.