BUSINESS

Greece still tops EU in unemployment stakes

Unemployment in Greece stood at 27.3 percent in August, the highest rate in the European Union, according to statistics released on Friday by the European Commission's statistics service Eurostat.

The number of jobless Greeks in August was 1.365 million, according to the data.

Greece also continued to hold the highest unemployment rate for those aged under 25 with 58 percent registered without jobs in August.

After Greece the highest jobless rate was in Spain, with 26.7 percent followed by Hungary with 17.6 percent and Cyprus with 17 percent while Austria, Germany and Luxembourg had the best record in this area with 4.8 percent, 5.2 percent and 5.9 percent unemployment rates respectively.

The new figures came as the overall rate of unemployment in the eurozone dropped to 12.1 percent in October from a record 12.2 percent the previous month.

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