December unemployment rate drops to 16.3 percent in Greece, lowest since March 2011

·

Greece’s unemployment rate eased to 16.3 percent in December from 16.5 percent in the previous month, data from the country’s statistics service ELSTAT showed on Thursday.

It was the lowest jobless rate since March 2011.

Seasonally adjusted data showed the number of unemployed at 758,886 people, with those aged up to 24 bearing the brunt of being out of work.

Last month, Mitsotakis strengthened his commitment to creating well-paid jobs for Greece, instead of relying on government handouts.

“We believe in creating new wealth that everyone will have a share in. Temporary benefits are not the solution to the problems of social inequality.”

Read More: Mitsotakis – Creating well-paid jobs remains a government priority

Among younger persons aged 15 to 24, the jobless rate fell to 34.7 percent from 39.4 percent in the same month in 2018. Greece’s jobless rate, which hit a record high of 27.8 percent in September 2013, has been falling since but remains the highest in the euro zone.

Greece’s 2020 budget projects growth picking up to 2.8% this year, helping to bring the jobless rate down to 15.6 percent from 17.4 percent last year.

Sourced by: Reuters

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

St George Basketball and Apollon Patras (Greece) announce sister club collaboration

The St. George Basketball Association has announced a groundbreaking sister club partnership with Apollon Patras Sports Club from Greece.

MANASIS to bring Greek culture back to Moomba Parade after 30 years

On March 10, the MANASIS School of Greek Dance will create another milestone in its history, through participating in Moomba Festival Parade.

Jayden Spakianos sentenced for stabbing commuter in drug-induced attack

A 20-year-old man has been sentenced to up to five years in prison for stabbing an innocent commuter during a drug-induced paranoid episode.

Study finds Greek academics in Australia show strong interest in returning to Greece

A year-long study by the Deon Institute of Policy Studies reveals the growing interest in repatriation among the Greek academic diaspora.

Box Hill United claims victory in Greek Community Cup women’s final

The Greek Community Cup Women’s Final came to a thrilling conclusion as Box Hill United triumphed 2–1 over Keon Park.

You May Also Like

Man charged with murder over stabbing in Marrickville of Greek Australian dad

A 62-year-old man of Greek background has been charged with murder after a fatal stabbing in Sydney's inner west last week.

Sydney plastic surgeon Richard Sackelariou faces charges of child sexual abuse

New South Wales plastic surgeon Richard Sackelariou, 69, has been accused of procuring and abusing eight underage girls.

Archbishop Makarios of Australia visits Athens to attend roundtable talks on Ukraine

Archbishop Makarios of Australia was in Athens, Greece this week to participate in roundtable discussions about the current war in Ukraine.