It is true that Greece was in second place in the European Union (EU) in terms of unemployment rate in March 2024, with 9.4%, according to Eurostat data.
Specifically, Greece’s unemployment was recorded at 10.2%, behind only Spain of all EU member states, with a rate of 1.7%, according to a statement from Eurostat. Our country is also highly ranked in the unemployment index for under-25s, with 21.1%, occupying fourth place behind Sweden, Spain and Portugal.
On the contrary, Greece’s performance is better in terms of gender-based unemployment, with a rate of 7.2%.
More detailed at the European level, in March 2024 the seasonally adjusted unemployment rate in the Eurozone was 6.5%, stable compared to February 2024 and down from 6.6% in March 2023. The EU unemployment rate was 6% in March 2024, down from 6.1% in February 2024 and flat compared to March 2023.
Eurostat estimates that 13.258 million people in the EU, of which 11.087 million in the Eurozone, were unemployed in March 2024.
Compared to February 2024, unemployment fell by 74 thousand in the EU and by 94 thousand in the Eurozone. Compared to March 2023, unemployment increased by 175 thousand in the EU and decreased by 51 thousand in the Eurozone.
Youth unemployment
In March 2024, 2.858 million young people (under 25) were unemployed in the EU, of which 2.259 million in the Eurozone. In March 2024, the youth unemployment rate was 14.6% in the EU, up from 14.7% in February 2024, and 14.1% in the Eurozone, up from 14.4% the previous month.
According to newsit, compared to February 2024, youth unemployment decreased by 11 thousand in the EU and by 30 thousand in the Eurozone.
Compared to March 2023, youth unemployment increased by 150 thousand in the EU and by 36 thousand in the Eurozone.
Unemployment by gender
In March 2024, the unemployment rate for women was 6.4% in the EU, flat from February 2024, and the unemployment rate for men was 5.7%, down from 5.8% the previous month . In the Eurozone, the unemployment rate for women was 7.0%, unchanged from February 2024, and the unemployment rate for men was 6%, up from 6.1% the previous month.
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