World Economy

23% Out of Work in Greece

23% Out of Work in Greece23% Out of Work in Greece

Greece has the highest unemployment rate in the Eurozone according to data published by Eurostat on Tuesday, Anadolu Agency reported. Although the Eurozone average for overall unemployment in December 2016 was 9.6%, Greece saw 23% of its workforce without a job by the end of October. Spain followed with a jobless rate of a little over 18%. Young people were particularly affected. Some 44% of young people (those aged under 25) in Greece were unemployed. Those numbers are slightly lower than 2015, when more than half of Greece’s youth population were without work—making it Europe’s worst country for youth unemployment.


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