July 2015 – GREECE – Greece unemployment was the highest in Europe for the month of June with 25.6% of its potential workforce unemployed, showed the latest figures released by Eurostat. The total number of unemployed people in Europe reached 23.3 million, with 17.8 million of them belonging to Eurozone countries. More than 4.7 million are young under 25 years old, with 3.2 million of them residing in Eurozone member-states. Germany enjoys the highest employment rate with an unemployment of just 4.7%. The Czech Republic ranks second with 4.9% unemployment and Malta third with 5.5%.
Greece is first from the bottom with 25.6% unemployment, followed by Spain with 22.5% and Cyprus with 16.2%. The average Eurozone unemployment rate remained the same as in the previous study, at 11.1%. Compared to June 2014, Eurostat found that unemployment dropped in 21 countries, increased in five and remained the same in France and Cyprus. –Greek Reporter