Youth unemployment staggering – EU comparison

In Greece, the percentage of unemployed under the age of 25 fell significantly by 6.5 percentage points, yet it is twice the European average.

Unemployment in Greece remains higher than the European average, according to data released by Eurostat. In particular, it is 12.7% compared to 13.3% in November. This is the second highest unemployment rate after Spain, where the percentage of youth who are unemployed is 13%.

At the euro area level, the seasonally adjusted unemployment rate was 7% in December 2021, 7.1% in November 2021 and 8.2% in December 2020. At the same time, the unemployment rate in EU was 6.4% in December 2021, 6.5% in November 2021 and 7.5% in December 2020.

Eurostat estimated that in December 2021, 13.612 million men and women in the EU, of which 11.481 million in the euro area, were unemployed.

Compared to November 2021, the number of unemployed fell by 210,000 in the EU and by 185,000 in the euro area. Compared to December 2020, unemployment decreased by 2.196 million in the EU and by 1.828 million in the euro area.

In December 2021, 2.748 million young people under 25 were unemployed in the EU, of which 2.222 million were in the euro area. In December 2021, the youth unemployment rate was 14.9% in both the EU and the euro area, compared to 15.3% in the EU and 15.4% in the euro area last month.

Compared to November 2021, youth unemployment fell by 81,000 in the EU and by 78,000 in the euro area. Compared to December 2020, youth unemployment fell by 385,000 in the EU and by 323,000 in the euro area.

In December 2021, the female unemployment rate was 6.6% in the EU, compared to 6.8% in November 2021. The male unemployment rate is 6.1% in December 2021 compared to 6.2% in November 2021. In the euro area, the unemployment rate for women fell from 7.5% in November 2021 to 7.3% in December 2021, while for men it fell from 6.8% to 6.7%.

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