Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Greek unemployment eases to 25.9 percent in August

Published 13/11/2014, 10:34
© Reuters People wait outside a Greek Manpower Employment Organisation (OAED) office in a suburb of Athens

ATHENS (Reuters) - Greece's jobless rate fell to 25.9 percent in August from a downwardly revised 26.1 percent rate in July as the country's six-year recession eases, Greek statistics agency ELSTAT said on Thursday.

August's reading was the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment hit 28 percent.

© Reuters. People wait outside a Greek Manpower Employment Organisation (OAED) office in a suburb of Athens

Greece's unemployment is coming down from record highs as the economy stabilises after a severe recession but remains at more than double the euro zone average of 11.5 percent in August. Greek national output is projected to emerge from recession and expand by 0.6 percent this year.

(Reporting by George Georgiopoulos, editing by Deepa Babington)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.