The unemployment rate in Greece (15 pct) was the fourth largest rate in the European Union in the first quarter of 2011, Eurostat announced on Friday. The EU executive’s statistics agency, in a report, said, however, that Greece ranked first in recording the highest rate of increase as unemployment stood at 11 pct of the workforce in the first quarter of 2010.
Spain (20.9 pct), Lithuania (16.3 pct) and Latvia (16.2 pct) recorded the highest unemployment rates in the EU, while Holland (4.2 pct), Austria (4.2 pct) and Luxembourg (4.5 pct) the lowest rates. The EU average unemployment rate was 9.3 pct in the January-March period.
Bulgaria (from 10.1 pct to 11.2 pct), Cyprus (from 6.4 pct to 7.4 pct) and Slovenia (from 7.3 pct to 8.3 pct) followed Greece in recording the highest rate increases, while Estonia, Latvia, Germany and Hungary recorded the lowest growth rates.
Unemployment among young people totaled 44.4 pct in Spain and 38.5 pct in Greece, while the EU average rate was 20.4 pct.