Greece tops unemployment rates in Europe

unemploymentGreece has the highest unemployment rate among the member states in the European Union (25.7% in September 2014), according to the latest unemployment figures published by Eurostat in November 2014.

The second highest unemployment rate has been recorded in Spain (23.9 %) in November 2014, while  Austria (4.9 %) and Germany (5.0 %) have the lowest rates.

Eurostat estimates that 24.423 million men and women in the EU-28, of whom 18.394 million were in the euro area (EA-18), were unemployed in November 2014.

Compared with October 2014, the number of persons unemployed decreased by 19 000 in the EU-28 and increased by 34 000 in the euro area.

Compared with November 2013, unemployment fell by 1 487 000 in the EU-28 and by 522 000 in the euro area.

The euro area seasonally-adjusted unemployment rate was 11.5 % in November 2014, stable compared with October 2014 but down from 11.9 % in November 2013.

The EU-28 unemployment rate was 10.0 % in November 2014, down from 10.1 % in October 2014 and from 10.7 % in November 2013.

In November 2014, 5.101 million young persons (under 25) were unemployed in the EU-28, of whom 3.409 million were in the euro area.

Compared with November 2013, youth unemployment decreased by 354 000 in the EU-28 and by 58 000 in the euro area.

In November 2014, the youth unemployment rate was 21.9 % in the EU-28 and 23.7 % in the euro area, compared with 23.2 % and 23.9 % respectively in November 2013.

In November 2014, the lowest rates were observed in Germany (7.4 %), Austria (9.4 %) and the Netherlands (9.7 %), and the highest in Spain (53.5 %), Greece (49.8 % in September 2014), Croatia (45.5 % in the third quarter 2014) and Italy (43.9 %).

Eurostat 

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