Eurostat: Record Unemployment, Dramatic 62,5% for Greek Youths



unemployment-line2Unemployment in the Eurozone touched record high levels in April, the highest since 1995 – 12,2% against 11,2% in April 2012, Eurostat said on Friday.

Youth unemployment reached 24,4%. The most dramatic situation in the EU was recorded in Greece where six out of 10 workers under 25 were jobless in February 2013.

Critical conditions were also registered in April among Spanish youths at 56,4%, followed by Portuguese youths at 42,5% and Italians 40,5%. French workers under 25 also exeeded the EU-17 unemployment average level with one in four without a job (26,5%).
Eurostat also registered 3,6 million of unemployed workers under 25 in the Eurozone (5,6 millions in the EU), 188,000 more than a year ago when the youth unemployment rate was 22,6%.

Germany, Austria and the Netherlands registered the lowest unemployment rates among youths with percentages ranging between 7,5 and 10,6%. In the EU-27 the overall unemployment rate in April totalled 11%, the same level recorded in March, from 10,3% in April 2012.
In the Eurozone the new record high was instead determined by the growth recorded from March 2013 when those without a job were 12,1%.
Overall, unemployed workers in the Eurozone included 19,3 million people (26,5 million across the EU), 95,000 more than in March and 1,6 million more than 12 months ago.
Countries with the lowest rates are Austria with 4,9%, Germany with 5,4% and Luxembourg with 5,6%. Countries with the highest unemployment levels were Greece at 27%, Spain with 26,8% and Portugal with 17,8%.
There were 18 countries in the EU which registered a growth in unemployment rates compared to a year ago, while nine saw unemployment rates fall, Eurostat said.
(source: ANSA)


4 COMMENTS

  1. more (bank) bailouts and asset stripping by that prodoti Samaras and his partners in the government should do the trick.

  2. 1. Why offer lesser paying jobs to youths when you can hire illegal migreant workers for less?

    2. Why aren’t youths taking lower paying jobs available to them rather then sitting at the kafeneio?

    Like every problem, it doesn’t exist in a vacuum. Get rid of the illegals competing for the lower paying jobs and eventually, rates will rise enough that kafeneio queens and kings will take them. Sure, nobody want to work for 20 Euros a day, but to hell with them if they don’t want to work for 40.

  3. This whole IMF, ECB and EU Commission and their phoney bailout deals
    with their bribed paid off Politicians is a pathetic joke and I find it
    hard to believe EU citizens are
    putting up with this FRAUD and SHAM, which will make them enslaved to
    Brussels & Germany for 20 years to come!! — You think this IMF/EU/ECB bailout money is for the citizens??..ha!!! You will not see a dime, but your fat Banksters &
    Politicians will— WAKE UP PEOPLE – get rid of these EU Criminals destroying your own countries !

  4. To hell with the Eu and its god awful euro. I knew no good will come of this . yest still suprisingly 80% stupidly still want the euro? Makes no sense.

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