The unemployment rate in Greece (15 %) was the fourth largest rate in the European Union in the first quarter of 2011, Eurostat announced on Friday. The EU executive’s statistics agency, in a report, said, however, that Greece ranked first in recording the highest rate of increase as unemployment stood at 11 % of the workforce in the first quarter of 2010.
Spain (20.9 %), Lithuania (16.3 %) and Latvia (16.2 %) recorded the highest unemployment rates in the EU, while Holland (4.2 %), Austria (4.2 %) and Luxembourg (4.5 %) had the lowest rates. The EU average unemployment rate was 9.3 % in the January-March period.
Bulgaria (from 10.1 % to 11.2 %), Cyprus (from 6.4 % to 7.4 %) and Slovenia (from 7.3 % to 8.3 %) followed Greece in recording the highest rate increases, while Estonia, Latvia, Germany and Hungary recorded the lowest growth rates.
Unemployment among young people totaled 44.4 % in Spain and 38.5 % in Greece, while the EU average rate was 20.4 %.
(source: ana-mpa)
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