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ELSTAT: 27.8% Unemployment in Greece


According to data released by Eurostat, unemployment in Greece reached 27.8% in October, showing a slight increase compared to September when it stood at 27.7%.

Moreover, unemployment in the eurozone remains stable at 12% for three months dating from October to December.

In the 28-member European Union unemployment fell slightly from 10.8% in November to 10.7% in December.

However, there is no data concerning unemployment in Greece for November and December.

Overall, in December Eurostat recorded 26,200 million unemployed in the EU and 19,010 million unemployed in the eurozone.

Compared with the previous month, the number of unemployed people fell by 162,000 in the EU and 129,000 in the eurozone.

The highest levels of unemployment in the EU were recorded in Greece (27.8% in October), Spain (25.8%), Croatia (18.6%) and Cyprus (17.5%).

The lowest unemployment rates were recorded in Austria (4.9%), Germany (5.1%) and Luxembourg (6.2%).

The largest increase in unemployment in a year was recorded in Cyprus (from 13.9% to 17.5%) and Greece (from 26.1% in October 2012 to 27.8% in October 2013).

Specifically, in Greece, the number of unemployed in October amounted to 1,388,000.

The unemployment rate for men was at 24.7% and women at 32.1%.

Finally, there was an increase in unemployment rates of young people, under 25 years of age, in Greece, from 56.8% in September to 59.2% in October.

These percentages show that Greece still holds the first place in youth unemployment within the European Union, closely followed by Spain (54.3%) and Croatia (49.2%).

The lowest rates were recorded in Germany (7.4%), Austria (8.9%) and the Netherlands (11.3%).

In December, youth unemployment in the EU fell to 23.2% from 23.4% in November and in the eurozone to 23.8% from 24% respectively.

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