Eurostat: Greece unemployment rate at 19.5%

Remains the worst in Europe

The EU’s statistical services, Eurostat, released its data for unemployment rates in July and Greece unsurprisingly tops the list with 19.5%, followed by Spain with 15.1% and Italy 10.4%.

With unemployment in the Eurozone standing at 8.2% in July 2018, Eurostat data show that it is the lowest rate in the euro area since November 2008. Unemployment in the European Union as a whole is even lower at 6.8 %.
The lowest unemployment was registered in the Czech Republic at 2.3%, Germany with 3.4% and Poland with 3.5%.

Youth unemployment, however, remains worrying. In July 2018, 3.325 million young people (under 25) were unemployed in the 28 members of the EU, of which 2.365 million are in the Eurozone.
Compared to July 2017, youth unemployment declined by 466,000 in the European Union and by 294,000 in the Eurozone. In July 2018, the youth unemployment rate was 14.8% in the EU28 and 16.6% in the euro area, compared with 16.8% and 18.7%, respectively in July 2017.