Greek unemployment at 24.6 percent in September

12 December 2015
126 Views

Greece’s jobless rate inched down to 24.6 percent in September from an upwardly revised 24.7 percent in the previous month, statistics agency ELSTAT said on Thursday.

The reading in September, based on seasonally adjusted data, was the lowest since June 2012 when unemployment stood at 24.9 percent. The jobless rate hit a record high of 27.9 percent in September 2013.

Unemployment has come down from record highs as the economy stabilized last year after a severe slump, but remains more than double the euro zone’s average of 10.8 percent in September.

Greece’s economy contracted by 0.9 percent in the third quarter as capital controls to shore up banks weighed down on investment, exports and consumer spending.

The economy is expected to shrink by 0.7 percent in 2016.

You may be interested

Thessaloniki: The glorious heart of Northern Greece
GREECE
shares126 views
GREECE
shares126 views

Thessaloniki: The glorious heart of Northern Greece

Panos - Dec 11, 2017

Thessaloniki. A name that conjured up an exotic ancient place that was in my imagination for years. This is Greece’s…

NPEs in Greece drop to 100.4 bln€ in Sept. 2017
FINANCE
shares175 views
FINANCE
shares175 views

NPEs in Greece drop to 100.4 bln€ in Sept. 2017

Panos - Dec 11, 2017

The level of non-performing exposures (NPEs) in Greece in September 2017 dropped by 2.4 and 5.5 percent compared with the…

Greece’s Dimitris Vitsas: As the global threat evolves, so too must the defense industry
DEFENCE
shares232 views
DEFENCE
shares232 views

Greece’s Dimitris Vitsas: As the global threat evolves, so too must the defense industry

Panos - Dec 11, 2017

Defense as a concept has a complex structure and function and is indissolubly linked to the threats that an organization,…

Leave a Comment

Your email address will not be published.