Greece tops EU unemployment

Greece is followed by Spain. Greek unemployment fell slightly in June from 27.1% to 27% since May. Eurozone unemployment remained steady at 11.5% in August, while falling across the EU from 10.2% to 10.1%.

European employment commissioner Lazlo Antor commenting on the data said “the percentage of unemployed persons in Europe is unacceptably high.” The commissioner was especially concerned by the rate of unemployment among the young.

Around five million young people in the EU, 25 and under, are unemployed, with the rate n Greece and Spain looming around 50%.

Overall, 24.6 million Europeans were unemployed in August in the EU, and 18.3 million in the Eurozone.

The lowest rates were registered in Austria (4.7%) and Germany (4.9%). germany showed a drop in unemployment by 94 thousand.