ECONOMY

Greek jobless rate inches up to 26 pct in December

The Greek unemployment rate inched up to 26 percent in December from 25.9 percent the previous month, making it the highest in the European Union, followed by Spain (23.2 percent in February), data published by the European statistical agency Eurostat on Tuesday show.

The number of jobless in Greece rose to 1.23 million in the last month of 2014, with the unemployment rate among under-25s remaining at a record-high of 51.2 percent. The jobless rate among adult women came to 29.3 percent and men to 23.4 percent.

This rate is far above the eurozone average of 11.3 percent in February, slightly down from 11.4 percent in January.

In the European Union as a whole, unemployment declined in February to 9.8 percent from 9.9 percent the previous month, Eurostat said, adding that data were not available for Greece for the first two months of this year.