Greek unemployment down in December 2017, Eurostat report

Greece’s unemployment rate eased to 20.8 pct in December 2017, from 21 pct in November, with the unemployment rate among young people aged below 25 years falling to 45 pct from 45.4 pct, Eurostat said in a report released here on Wednesday.

The EU executive’s statistics agency, in a report, said the unemployment rate fell from 23.4 pct in December 2016 to 20.8 pct in December 2017, recording the second highest decline in the EU in a year.

The unemployment rate in the Eurozone was 8.5 pct in February, from 8.6 pct in January, the lowest level since December 2008. In the EU, the unemployment rate was 7.1 pct from 7.2 pct, respectively, the lowest rate since September 2008. The unemployment rate was 9.5 pct in the Eurozone and 8.0 pct in the EU, in February 2017.

The number of unemployed people in the EU was 17.6 million and in the Eurozone 13.9 million in February.

Greece (20.8 pct) and Spain (16.1 pct in February) recorded the highest unemployment rates, while the Czech Republic (2.4 pct), Malta and Germany (3.5 pct each) recorded the lowest rates.