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GreekReporter.comGreek NewsEconomyEurostat: September Unemployment in Greece at 27.4%

Eurostat: September Unemployment in Greece at 27.4%

Eurozone unemployment remained at 12.1% in November, according to figures published by Eurostat today. In the EU-28, unemployment also remained stable at 10.9%.
In November there were 26.553 million unemployed in the EU-28, an increase of 19,000 compared to October, and 19.241 million in the eurozone, and increase of 4,000 compared to October.
The highest unemployment rates in the EU-28 in September were recorded in Greece (27.4%), Spain (26.7%), Croatia (18.6%) and Cyprus (17.3%), with the lowest in Austria (4.8%), Germany (5.2%) and Luxembourg (6.1%).
The largest yearly increase in unemployment from September 2012 to 2013, was recorded in Cyprus (13.3% to 17.3%), Italy (11.3% to 12.7%) and Greece (26% to 27.4%).
In Greece, 1.376 million people were unemployed during September 2013, with unemployment among men at 24.5% (24.3% in August) and 31.4% for women (31.3% in August).
Youth unemployment (persons under 25) in Greece decreased slightly in September 2013 (54.8%, 172,000 unemployed) compared to August (57.7%). Greece is in second place behind Spain in terms of youth unemployment (57.7% in November, up from 56.8% in September 2013), while Croatia is in third place (49.7% in September 2013). The lowest rates were recorded in Germany (7.5%), Austria (8.6%) and the Netherlands (11.4%). In November, youth unemployment in the EU-28 was at 23.6% (5.661 million) and 24.3% in the eurozone (3.599 million).
In the eurozone, retail sales which are an indication of consumer confidence, were up by 1.4% after a decline of 0.4% in October. The latest retail sales results from Greece are for October, with a decline of 0.1% compared to September and 0.9% compared to October 2012.

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