Greek unemployment drops to 24 percent in December

10 March 2016
378 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

Mitsotakis: Europe will step up sanctions against Turkey
GREECE
shares8 views
GREECE
shares8 views

Mitsotakis: Europe will step up sanctions against Turkey

Panos - Oct 16, 2019

"Greece is going to the EU summit confidently as it has become a factor of stability," Prime Minister Kyriakos Mitsotakis…

Weather forecast: Sunshine and unseasonally high temperatures
Χωρίς κατηγορία
shares9 views
Χωρίς κατηγορία
shares9 views

Weather forecast: Sunshine and unseasonally high temperatures

Panos - Oct 16, 2019

Sunny weather and unseasonally warm temperatures are expected in Greece on Tuesday, which in some areas, including Athens, are forecast…

A truth from the past: EU should “undermine national homogeneity” says UN migration chief
WORLD
shares18 views
WORLD
shares18 views

A truth from the past: EU should “undermine national homogeneity” says UN migration chief

makis - Oct 15, 2019

In light of the recent events, an old (2012) BBC article gives us an understanding of what we are experiencing…

Leave a Comment

Your email address will not be published.