Greek unemployment rate fell to 18.6 pct in September, Eurostat report

The Greek unemployment rate fell to 18.6 pct of the workforce in September 2018 from 18.9 pct in August, Eurostat said on Wednesday.

The EU executive’s statistics agency, in a report, said that the unemployment rate in the Eurozone fell to 7.9 pct in November (there are no figures for Greece) from 8.0 pct in October, to the lowest level since October 2008, while in the EU the unemployment rate was stable at 6.7 pct, the lowest level since January 2000. The number of unemployed people in the EU was 16.491 million and in the Eurozone 13.040 million in November.

Greece recorded the highest unemployment rate (18.6 pct in September), followed by Spain (14.7 pct), while the Czech Republic (1.9 pct) and Germany (3.3 pct) had the lowest unemployment rates. After Croatia, Greece recorded the biggest decline in the unemployment rate in the EU within 12 months, from 20.8 pct in September 2017 to 18.6 pct in September 2018. The number of unemployed people in Greece totaled 887,000 in September. The unemployment rate among young people (aged below 25 years) fell to 36.6 pct in September from 36.8 pct in August – still the highest in the EU followed by Spain (34.1 pct) and Italy (31.6 pct).

Source ANA-MPA
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