Eurostat: Rate of unemployment drops slightly to 24.2% in February
The European statistics authority Eurostat announced its latest figures for the rate of unemployment, according to which the rate in Greece dropped from 24.4% in January to 24.2% in February.
In greater detail, Eurostat found that there were 1.16 million unemployed in Greece, with joblessness affecting women (28.7%) more than men (20.6%).
Trailing behind Greece though is Spain, where the rate of unemployment is 20.1%. Conversely, the lower rates were document in the Czech Republic (4.1%), Germany (4.2%) and Malta (4.3%).
Meanwhile the rate of unemployment in the Eurozone during April 2016 remained stable at 10.2%, which is the lowest documented rate since August 2011. The rate in the European Union was 8.7%, down from 8.8% in March, which is also the lowest since May 2009.
The rate of youth unemployment also improved slightly, from 51.9% in January to 51.4% in February. Greece tops the list, followed by Spain (45%), Croatia (38.9%) and Italy (36.9%). The lowest youth unemployment rates were documented in Germany (7%), Malta (8.9%) and the Czech Republic (9.5%).
Overall, the rate of youth unemployment in the Eurozone amounted to 21.1%, while in amongst the European Union member-states the rate was 18.8%.
You may be interested
EU order for Apple to pay €13bn tax bill to Ireland “defies reality and common sense”Panos - Sep 19, 2019
The European Union’s order for Apple to pay €13bn in back taxes to Ireland “defies reality and common sense”, the…
Next for Turkey? Nuclear Weapons!Panos - Sep 19, 2019
During the 17 years he has ruled NATO-member Turkey, the country’s Islamist strongman, President Recep Tayyip Erdoğan, has rarely missed…
Archaeologists unearth amazing 3,200-year-old sword at a Bronze Age site in SpainPanos - Sep 19, 2019
Archaeologists working on the Spanish holiday island of Majorca (Mallorca) have made a surprising discovery. They came across a 3,200-year-old…