Unemployment in Greece has risen to 15% for the first quarter of 2011, according to Eurostat’s data. Greece is ranked fourth in EU-27 unemployment rates, following Spain (20.9%), Lithuania (16.3%) and Latvia (16.2%). Lower unemployment rates have been recorded in the Netherlands (4.2%), Austria (4.2%) and Luxembourg (4.5%). In terms of growing unemployment on an annual basis, Greece ranks first as the unemployment rate rose from 11% to 15%, followed by Bulgaria, Cyprus and Slovenia. The unemployment rate for ages under 25, reached 44.4% in Spain and 38.5% in Greece, while the EU average rate stands at 20.4%. Of course, the number of actual unemployed people in Greece remains unknown, as a large percentage is not recorded in official statistics, either because it is part-time or uninsured work.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
