Eurostat: Greece’s unemployment rate fell to 18.9%

Eurostat: Greece’s unemployment rate fell to 18.9%

At 18.9% fell the unemployment rate in Greece in August 2018, compared to 19% in the previous month, according to Eurostat figures released today.

In October 2018 (there are no figures for Greece) unemployment in the euro area remained stable at 8.1% compared to the previous month, registering the lowest level since November 2008. Unemployment in the EU remained stable at 6,7%, recording the lowest level since January 2000. One year ago, in October 2017, unemployment in the euro area and the EU of 28 was 8.8% and 7.4%, respectively.

Overall, 16.626 million unemployed in the EU and 13.172 million unemployed in the euro area are recorded in October.

The “X-ray” in Europe

The highest unemployment rates in the EU are recorded in Greece (18.9% in August) and in Spain (14.8%). The lowest unemployment rates were recorded in the Czech Republic (2.2) and Germany (3.3%).

After Croatia, Greece recorded the largest decrease in unemployment in the EU in one year from 20.8% in August 2017 to 18.9% in August 2018.

Specifically for Greece, the number of unemployed was 897,000. The unemployment rate for men was 15% and for women 23.7%.

The unemployment rate for young persons (under 25) in Greece fell to 36.8%, compared to 37.6% in July.

The highest unemployment rates among young people in the EU are recorded in Greece (36.8%), Spain (34.9%) and Italy (32.5%). The lowest rates are recorded in the Czech Republic (5.2%, Germany (6.2%) and the Netherlands (7.2%).

In October, youth unemployment in the euro area fell to 17.3% and in the EU to 15.3%./IBNA