Unemployment in Greece for March was 26.8%

Unemployment in Greece for March was 26.8%


By Spiros Sideris – Athens

Unemployment in Greece registered a slight drop to 26.8% in March, from 26.9% in February, according to data released today by Eurostat. The unemployed amounted to 1,275,000 people.

A marginal decline was recorded in the EU from 10.4% in April to 10.3% in May, while the Eurozone unemployment remained unchanged at 11.6%.

Regarding the individual performance of Greece in March, the unemployment rate for men dropped to 23.8% from 23.9% in February and to 30.6% in women from 30.7%, while for young people under 25 years old it increased to 57.7% from 57.1% in February.

In May, the average unemployment rate in the Eurozone in regard to the male population was 11.5%, 11.7% in women and 23.3% in young people under 25 years of age. Within a year, the unemployment rate dropped in 21 member states, rose in six of them and remained unchanged only in Austria.

The Eurozone countries, which recorded the largest increase in unemployment in a year, was Luxembourg (from 5.8% to 6.3%) and Italy (from 12.1% to 12.6%), while countries with the largest decline in unemployment was Hungary (from 10.5% to 7.9%) and Portugal (from 16.9% to 14.3%).

In May, in the EU there were 25.184 million unemployed, of who 18,552 were in the Eurozone. In a year, unemployment dropped by 28,000 persons in the eurozone and by 63,000 persons in the EU.