Greece Records Largest Annual Unemployment Decrease in EU for 2018

Greece recorded the largest annual unemployment rate decrease in the EU for 2018, Eurostat disclosed in a report which was released on Monday.

The European Executive’s Statistics Service noted that the Greek unemployment rate fell a full 2.8 points, from 20.8 percent in December 2017 to 18 percent in December 2018.

On a monthly scale, the Greek unemployment rate fell from 18.3 to 18 percent between November and December of 2018.

Eurostat also found a wide gap between unemployment rates among genders in Greece.

The unemployment rate among men was 14.1 percent last December, and among women it was 23.1 percent.

For those under 25, unemployment still remains very high, at 39.5 percent.

Despite the major decrease in unemployment, Greece still remains the country with the highest unemployment in the EU, followed next by Spain.

The unemployment rate in the Eurozone overall was stable at 7.8 percent in February 2019, down from a level of 8.5 percent one year earlier.

The unemployment rate in the EU itself was 6.5 percent in February, down from 7.1 percent one year prior.

The EU unemployment rate is now the lowest that has been recorded since the year 2000.

With information from A.M.N.A.