Greek unemployment drops to 24 percent in December

10 March 2016
258 Views

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

Clay tablet with verses from Homer’s ‘Odyssey’, discovered in ancient Olympia, among top finds of 2018
GREECE
shares11 views
GREECE
shares11 views

Clay tablet with verses from Homer’s ‘Odyssey’, discovered in ancient Olympia, among top finds of 2018

Panos - Dec 13, 2018

A clay tablet dating to the 3rd century AD or earlier, on which the first 13 verses of Homer's "Odyssey"…

Former head of top defense ministry dept. handed 22-year sentence for bribery, money laundering
DEFENCE
shares11 views
DEFENCE
shares11 views

Former head of top defense ministry dept. handed 22-year sentence for bribery, money laundering

Panos - Dec 13, 2018

A former general secretary of the defense ministry's one-time armaments directorate, which in the past oversaw major weapons systems procurements…

Mitsotakis letter to EU Commissioner over appropriation of lands in southern Albania belonging to ethnic Greeks
GREECE
shares17 views
GREECE
shares17 views

Mitsotakis letter to EU Commissioner over appropriation of lands in southern Albania belonging to ethnic Greeks

Panos - Dec 13, 2018

Main opposition Kyriakos Mitsotakis on Wednesday added his voice to official Athens' condemnation, a day earlier, over a decision by…

Leave a Comment

Your email address will not be published.