Europe’s statistical service Eurostat reports that Greece has the highest rate of unemployment in the European Union with 23.6 percent unemployment in May 2016, holding a steady lead ahead of Spain that came second with 19.6 percent unemployment. Croatia noted the third-highest unemployment rate at 13.2 percent. The severity of the problem is further accentuated when bearing in mind that the average unemployment rate in the 28 EU member states was at 8.6 percent in July 2016.
At the other end of the spectrum, Malta had 3.9 percent unemployment as the EU country with the least joblessness, followed by the Czech Republic and Germany that both had 4.2 percent unemployment.
Greece continues to lead the stakes as far as youth unemployment is concerned with more than 1 in 2 people aged under 25 unable to find a job (50.3 percent), followed by Italy (39.2 percent).
The Eurostat forecast for Eurozone inflation is at 0.2 percent in August.