Greek unemployment rate fell to 18 pct in December 2018, Eurostat reported

The Greek unemployment rate fell to 18 pct of the workforce in December 2018, from 18.3 pct in November 2018, Eurostat said in a report released here on Monday. The EU executive’s statistics service said that Greece recorded the biggest annual unemployment rate reduction in the EU (from 20.8 pct in December 2017 to 18 pct in December 2018).

The number of unemployed people in Greece was 852,000, with the unemployment rate among men at 14.1 pct and among women at 23.1 pct. The unemployment rate among young people (aged below 25 years) rose slightly to 39.5 pct in December from 39.4 pct in November.

In the Eurozone, the unemployment rate was stable at 7.8 pct in February from January, down from 8.5 pct a year earlier. The February figure was the lowest since October 2008. In the EU, the unemployment rate was 6.5 pct in February, unchanged from January, but down from 7.1 pct a year earlier. It was the lowest rate since 2000.

Greece (18 pct in December), Spain (13.9 pct) and Italy (10.7 pct) recorded the highest unemployment rates, while the Czech Republic (1.9 pct) and Germany (3.1 pct) recorded the lowest rates.

Source ANA-MPA
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