Unemployment still rising
- Written by E.Tsiliopoulos
Eurostat released its unemployment update, according to which unemployment in Greece in November was at 28%, up by 0.3% from the month before. That raises the actual number of unemployed citizens to 1.382 million.
It is officially the highest rate in the whole of the EU and it continues to hit women and the young harder than anyone else. Male unemployment was at 24.9%, while the percentage for women was at 32.2%. Youth unemployment is quite discouraging, with a whooping 59%, well on its way for the two thirds.
The three Euro zone countries with the highest rise in unemployment in the last year are Cyprus (at 16.8%, up from 14.4%), Greece (28% from 26.3%) and Croatia (18.8% from 17.4%).
On the other side of the spectrum, the three countries with the highest drop in unemployment in a year are Latvia (at 11.5%, down from 14.3%), Portugal (15.3% from 17.6%) and Hungary (8.8% from 11.1%).
On the whole of the Euro zone, the January 2014 data shows unemployed steady at 12% compared to October 2013 figures. The same goes for the whole of EU, with unemployment steady at 10.8%.
Finally, the highest unemployment figures among the under 25-year-olds after Greece are found in Spain, with 55.3%, while the lowest are in Germany (7.7%) and Austria (9.7%).
It may be the figures from four months ago -which means there's still hope today's figures are in a much better shape-, but they certainly increase the pessimistic mood in Greek society today.
