Greece Is the Champion of Unemployment in the EU: At 23.5% in January

Unemployment in Greece remained stable at 23.5% in January 2017, compared to December 2016, according to Eurostat data released today.

Unemployment remained stable in the eurozone at 9.6% in March compared to February 2017. In EU-28, unemployment stood at 8% in March, compared with 8.1% in February. One year ago, in March 2016, unemployment in the euro area and the ‘EU of 28’ was 10.2% and 8.7% respectively. (No data available for Greece in February and March).

Altogether in March, 19.716 million unemployed are registered in the EU and 15.515 million are unemployed in the euro area. The highest unemployment rates in the EU are recorded in Greece (23.5% in January) and Spain (18.2%). The lowest unemployment rates were recorded in the Czech Republic (3.2%) and Germany (3.9%).

Especially in Greece, the number of unemployed in January stood at 1.117 million. The unemployment rate for men was 19.9% ​​and for women 27.9%.

Unemployment rates among young people (under 25) in Greece rose to 48% in January from 46.7% in December. Highest unemployment rates among young people in the EU are recorded in Greece (48%), Spain (40.5%) and Italy (34.1%). The lowest rates are recorded in Germany (6.7%). In March, youth unemployment in the euro area stood at 19.4% and in the EU at 17.2%.