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June 20, 2019

Eurostat: Greece registers greatest EU drop in unemployment in Feb.

Greece registered the highest drop in unemployment among all EU countries (EU28) in February 2019, compared to the same period last year, from 20.6 pct to 18.5 pct, according to seasonally adjusted data released by Eurostat on Tuesday.

The unemployed in Greece reached 872,000. Unemployment among men totaled 14.8 pct and among women 23.3 pct.

Youth unemployment in Greece (under 25 years of age) dropped to 38.8 pct in February, from 39.3 pct in January and 40.3 pct a year ago.

The EU28 unemployment rate was 6.4 pct in April 2019, stable compared with March 2019 and down from 7.0 pct in April 2018. “This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000,” it said.

Unemployment in the Eurozone (EU19) registered at 7.6 pct compared to 7.7 pct in March 2019 and 8.4 pct in April 2018. “This is the lowest rate recorded in the euro area since August 2008,” Eurostat said.

In March, in particular, the number of EU unemployed reached 15.8 million and in the Eurozone 12.5 million people.

Euro area (EA19) seasonally-adjusted unemployment rate was 7.6 pct in April 2019, down from 7.7 pct in March 2019 and from 8.4 pct in April 2018.

The highest unemployment rates in EU28 in April were registered in Greece (18.5 pct compared to February), Spain (13.8 pct) and Italy (10.2 pct). The lowest were registered in the Czech Republic (2.1 pct) and Germany (3.2 pct), it said.

Youth unemployment in April 2019 reached 15.8 pct in the eurozone and 14.2 pct in the EU. The highest rates were observed in Greece (38.8 pct in February 2019), Spain (32.7 pct) and Italy (31.4 pct) and the lowest in Germany (5.3 pct) and the Netherlands (6.2 pct).

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