Greek unemployment drops to 24 percent in December
Greece’s jobless rate dropped to 24 percent in December from a downwardly revised 24.4 percent in the previous month, statistics agency ELSTAT said on Thursday.
The number of unemployed reached 1.14 million people.
December’s reading, based on seasonally adjusted data, was the lowest since May 2012 when unemployment stood at 24.0 percent. The jobless rate hit a record high of 27.9 percent in September 2013.
Unemployment has come down from record highs but remains more than double the eurozone’s average of 10.3 percent in January.
Greece’s economy expanded slightly in the last three months of 2015 as national output grew 0.1 percent quarter-on-quarter, driven by private consumption and investment. It shrank 0.3 percent in the year as a whole.
You may be interested
The Turkish-Cypriots decided to annex the “ghost town” of Famagusta!Panos - Jun 19, 2019
The “parliament” of the illegal government of the occupied northern Cyprus decided to open Famagusta (a.k.a. Ammochostos or Varosi), which…
BoG: Progress in reducing NPLs, mixed picture in other indexes affecting Greek banksPanos - Jun 19, 2019
A Bank of Greece (BoG) review for the country's banking sector in 2018 notes that it remains in a "recovery…
New finds from underwater research on historic Greek island of SalamisPanos - Jun 19, 2019
For the third year running, underwater interdisciplinary research was carried out in June and July 2018 in the area of…