Greek unemployment drops to 14.2% in July By Reuters

© Reuters. FILE PHOTO: Individuals make their means outdoors the headquarters of the Financial institution of Greece in Athens, Greece, September 3, 2020. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) – Greece’s jobless charge dropped to 14.2% in July from 15.0% within the earlier month, information from the statistics service ELSTAT confirmed on Wednesday.

Seasonally adjusted information confirmed 664,384 individuals had been formally unemployed, with these aged underneath 24 the toughest hit.

The jobless charge for younger individuals aged 15-24 dropped to 32.3% in July from 35.8% in the identical month a 12 months earlier, the information confirmed.

After hitting a report excessive of 27.8% in September 2013, Greece’s jobless charge has been falling nevertheless it stays the very best within the euro zone.

Joblessness affected girls greater than males, with the respective charges in July at 20.2% and 14.1%.

Greece’s economic system grew strongly within the second quarter, beating forecasts, with its annual growth charge hitting 16.2% as shopper spending and investments picked up.

Final week Prime Minister Kyriakos Mitsotakis stated the economic system was set to develop by a better-than-expected 5.9% for this 12 months as a complete.

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