Eurostat: Greek unemployment rate records biggest percentage decline in EU

The Greek unemployment rate recorded the biggest percentage decline in the EU in the September 2016 – September 2017 period, falling from 23.2 pct to 20.5 pct, Eurostat said on Tuesday.

In a report released here, the EU executive’s statistics agency noted, however, that the unemployment rate in Greece remained the highest in the EU. The unemployment rate in Greece fell to 20.5 pct in September from 20.7 pct in August.

In the Eurozone, the unemployment rate fell to 8.7 pct in November, from 8.8 pct in October (there are no data available for Greece), to its lowest level since January 2009. In the EU, the unemployment rate eased to 7.3 pct in November from 7.4 pct in October, to its lowest level since October 2008. The unemployment rates were 9.8 pct in the Eurozone and 8.3 pct in the EU in November 2016.

There were 18.116 million unemployed people in November in the EU and 14.263 in the Eurozone, Eurostat said.

Greece recorded the highest unemployment rate (20.5 pct), followed by Spain (16.7 pct), while Czech Republic (2.5 pct), Malta and Germany (3.6 pct each) recorded the lowest rates.

The number of unemployed people in Greece totaled 981,000 in September, but the unemployment rate among young people (aged below 25 years) fell to 39.5 pct in September from 39.8 pct in August.