Eurostat: Greek Unemployment at 25.7% in January

unemploymentThe Greek unemployment rate slightly eased to 25.7% in January, compared to December 2014, but remained the highest in the Eurozone and the EU, Eurostat said on Thursday.

In a released report, Eurostat said unemployment in the Eurozone and the EU-28 in March was at 11.3% and 9.8% respectively, unchanged from February, but down compared to March 2014 (11.7% and 10.4%).

The number of unemployed people in March was 23.7 million in the EU and 18.1 million in the Eurozone. Greece recorded the highest unemployment rate followed by Spain (23%) and Cyprus (16%). Germany (4.7%) and Austria (5.6%) recorded the lowest unemployment rates.

In Greece, the number of unemployed people fell to 1.22 million in January, with the unemployment rate at 22.5% among men and 29.6% among women. The unemployment rate among young people, aged below 25, fell to 50.1% in January from 50.8% in December, followed by Spain (50.15%), Croatia (45.5%) and Italy (43.%). Germany (7.2%), Austria (10.5%), Denmark and Holland (10.8%) recorded the lowest unemployment rates among young people. In the Eurozone, youth unemployment was at 22.7% in March.

(Source: ANA-MPA)