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Unemployment in Greece falls to 18% but still the highest in EU

Unemployment in Greece fell to 18% in December 2018, the European Statistics Authority Eurostat announced on Monday. Greece’s rate is the highest in the European Union and the Eurozone area. Unemployment rate among young people (aged below 25 years) rose slightly to 39.5% in December from 39.4% in November.

Unemployment in Euro area at 7.8% in February and at 6.5% in European Union. Greece 18% the highest in EU.

The Greek unemployment rate fell to 18 pct of the workforce in December 2018, from 18.3 pct in November 2018, Eurostat said in a report.

According to the report, Greece recorded the biggest annual unemployment rate reduction in the EU from 20.8% in December 2017 to 18% in December 2018.

The number of unemployed people in Greece was 852,000, with the unemployment rate among men at 14.1% and among women at 23.1%.

The unemployment rate among young people (aged below 25 years) rose slightly to 39.5 pct in December from 39.4 pct in November.

In the Eurozone, the unemployment rate was stable at 7.8 pct in February from January, down from 8.5% a year earlier. The February figure was the lowest since October 2008.

In the EU, the unemployment rate was 6.5% in February, unchanged from January, but down from 7.1% a year earlier. It was the lowest rate since 2000.

According to EUROSTAT, Greece (18%), Spain (13.9%) and Italy (10.7%) recorded the highest unemployment rates. They are followed by France with 8.8%.

The Czech Republic (1.9%) and Germany (3.1%) recorded the lowest rates.

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