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Greece Has EU’s Highest Youth Jobless Rate

Anergia-IouniouGreece still holds the highest unemployment rate among the 27 countries of the European Union, as according to Eurostat figures, the recession of the Greek economy exceeds 4%. Specifically, unemployment in Greece stands at 27.2% in Spain at 26.7% and in Portugal at 17.5%.

In contrast, the lowest rates are observed in the north and particularly in Austria (4.7%), Germany (5.4%) and Luxembourg (5.7%).

Last year, the highest unemployment increase was recorded in Greece (27.2% from 21.5% in January 2012), Cyprus (14.2% from 10.7%), Spain (26.7% from 24.1% ) and Portugal (17.5% from 15.1%)

Ireland however is an exception, given that the unemployment rate dropped during 2012 from 14.1% from 15%.

Greece comes first in youth unemployment (25 years maximum), with a 59.1% against a 55.9% in Spain, 38.4% in Italy and 38.3% in Portugal.

The Eurozone average is 24% and 23.5% within the EU.

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