BUSINESS

Greek unemployment down slightly in February, Eurostat reports

Greek unemployment dipped slightly to 24.2 percent in February from 24.4 percent the previous month, data published on Tuesday by the European statistical authority, Eurostat, showed.

In the 19-member eurozone, unemployment in April remained steady at 10.2 percent, recording the lowest rate since August 2011, while in the 28-member European Union it dropped slightly in April to 8.7 percent from 8.8 percent the previous month, the lowest it has been since May 2009.

In April 2015, eurozone unemployment was 11 percent, with the EU rate at 9.6 percent.

No data were available for Greece for March and April of this year.

In total, there were 21.22 million unemployed people in the EU in April and 16.42 million in the eurozone.

The highest rates were recorded in Greece in February (24.2 pct), followed by Spain at 20.1 percent. The Czech Republic at 4.1 percent, Germany at 4.2 percent and Malta at 4.3 percent had the lowest rate of joblessness.

In Greece, the total number of registered unemployed people in February came to 1.16 million, with 20.6 being men and 28.7 percent women.

Joblessness among young people below the age of 25 also dipped slightly in February to 51.4 percent from 51.9 percent the month before.

Greece was also at the top of the charts in this category, followed by Spain with 45 percent youth unemployment, Croatia with 38.9 percent and Italy with 38.9 percent.

Online