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  • Eurostat: Rate of unemployment drops slightly to 24.2% in February

    The European statistics authority Eurostat announced its latest figures for the rate of unemployment, according to which the rate…

    The European statistics authority Eurostat announced its latest figures for the rate of unemployment, according to which the rate in Greece dropped from 24.4% in January to 24.2% in February.

    In greater detail, Eurostat found that there were 1.16 million unemployed in Greece, with joblessness affecting women (28.7%) more than men (20.6%).

    Trailing behind Greece though is Spain, where the rate of unemployment is 20.1%. Conversely, the lower rates were document in the Czech Republic (4.1%), Germany (4.2%) and Malta (4.3%).

    Meanwhile the rate of unemployment in the Eurozone during April 2016 remained stable at 10.2%, which is the lowest documented rate since August 2011. The rate in the European Union was 8.7%, down from 8.8% in March, which is also the lowest since May 2009.

    The rate of youth unemployment also improved slightly, from 51.9% in January to 51.4% in February. Greece tops the list, followed by Spain (45%), Croatia (38.9%) and Italy (36.9%). The lowest youth unemployment rates were documented in Germany (7%), Malta (8.9%) and the Czech Republic (9.5%).

    Overall, the rate of youth unemployment in the Eurozone amounted to 21.1%, while in amongst the European Union member-states the rate was 18.8%.

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