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tagged: EUROSTAT: Unemployment in Greece at 19.2% in Oct 2011
Posted by keeptalkinggreece in Uncategorized
What we see and hear everyday, it has been now recorded in statistics. Unemployment reached 10% among the EU member countries and Greece is holding one of the leading positions, according to EUROSTAT, the EU Statistics Authority. While the number of jobless reached 19.2 in October 2011, the number of young people (under 25) grew by 47.2% in the same month. [No wonder, I know so many young Greeks sitting restless on their university diplomas and being depressed...]
Greek media report of something odd: That the Greek Statistics Authority (ELSTAT) gave the percentage of unemployment in October 2011 as 18.2%. The question is where are these 50,000 ‘missing’ jobless?
Leader in EU unemployment is Spain
Among the Member States, the lowest unemployment rates were recorded in Austria (4.1 %), the Netherlands (4.9 %)and Luxembourg (5.2 %), and the highest rates in Spain (22.9 %), Greece (19.2 % in October) and Lithuania (15.3 % in the third quarter of 2011).
Compared with a year ago, the unemployment rate fell in fourteen Member States, remained unchanged in Ireland and rose in thirteen Member States. The largest falls were observed in Estonia (16.1 % to 11.3 % between the third quarters of 2010 and 2011), Latvia (18.2 % to 14.8 % between the third quarters of 2010 and 2011) and Lithuania (18.3 % to 15.3 % between the third quarters of 2010 and 2011). The highest increases were registered in Greece (13.9 % to 19.2 % between October 2010 and October 2011), Cyprus (6.1 % to 9.3 %) and Spain (20.4 % to 22.9 %).
In December 2011, 5.493 million young people (under 25) were unemployed in the EU-27, of which 3.290 in the euro area. Compared with December 2010, youth unemployment increased by 241 000 in the EU-27 and by 113 000 in the euro area. In December 2011, the youth unemployment rate was 22.1 % in the EU-27 and 21.3 % in the euro area. In December 2010 it was 21.0 % and 20.6 % respectively. The lowest rates were observed in Germany (7.8 %), Austria (8.2 %) and the Netherlands (8.6 %) and the highest in Spain (48.7 %), Greece (47.2 % in October) and Slovakia (35.6 %).
source: EUROSTAT
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Even before this crisis hit, youth unemployment was rampant in a lot of countries. But policy makers and voters chose to ignore this. Something to do with keeping their own jobs and incomes, I guess. And now that unemployment rises in all age groups again the young are the ones to bear the brunt of it.
Policy makers and economist talk about the prospect of a lost decade for Europe but how about a whole lost generation right now???
President of EU Parlament find 5 million jobless youth as a scandal….
And right he is. And I take it that he now will refuse to move the parliament every couple of weeks for a few days to Strasbourg just to satisfy some French ideas and spent all that money on hiring people or having that invest in new jobs???
hahaha! what a romantic idealist you are!