Greek March unemployment eases to 20.1 pct, eurozone’s highest

7 June 2018
257 Views

Greece’s jobless rate dropped to 20.1 percent in March from a downwardly revised 20.6 percent in the previous month, data from the country’s statistics service ELSTAT showed on Thursday.

Seasonally adjusted data showed the number of unemployed at 956,260 people, with younger persons aged up to 24 bearing the brunt of being out of work.

Among younger persons aged 15 to 24, the jobless rate eased to 43.2 percent from 45.2 percent in the same month in 2017.

Greece’s jobless rate, which hit a record high of 27.9 percent in September 2013, has been coming down since but remains the highest in the euro zone.

The government expects the unemployment rate to fall to 18.4 percent this year, based on projections in its 2018 budget.

Unemployment in the 19 countries sharing the euro was stable at 8.5 percent in March according to Eurostat.

Source: Reuters

You may be interested

UK PM May survives no-confidence vote
FINANCE
shares14 views
FINANCE
shares14 views

UK PM May survives no-confidence vote

Panos - Jan 17, 2019

The UK government led by Theresa May, has survived a no-confidence vote, put forward by Labour Party leader Jeremy Corbyn,…

OECD: High taxes in Greece a break on economic growth
FINANCE
shares18 views
FINANCE
shares18 views

OECD: High taxes in Greece a break on economic growth

Panos - Jan 17, 2019

The OECD was the latest international body this week to sound the “warning bells” over the heavy tax rates now…

Two in three Greeks want elections now, nationwide Marc poll shows
GREECE
shares14 views
GREECE
shares14 views

Two in three Greeks want elections now, nationwide Marc poll shows

Panos - Jan 17, 2019

Two in three Greeks said were in favour of general elections immediately, according to a nationwide poll conducted by Marc…

Leave a Comment

Your email address will not be published.