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Greek jobless rate drops to 11.6% in third quarter

Published 16/12/2022, 10:14
© Reuters. FILE PHOTO: A worker is silhouetted handling a cart inside a warehouse of Vanos marine supply company at Kaminia suburb in Piraeus, near Athens April 2, 2014. REUTERS/Yorgos Karahalis

ATHENS (Reuters) - Greece's jobless rate fell to 11.6% in the third quarter from 12.4% in the second quarter of the year, data from the country's statistics service ELSTAT showed on Friday.

About 63% of Greece's 555,567 jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.

Greece's highest unemployment rate was recorded in the first quarter of 2014, when it hit 27.8%.

The latest data showed that women and young people in the 15-19 age group were most affected among the jobless.

The jobless rate for women was 15.4% versus 8.7% for men, while for people aged 15-19 it stood at 40.2%.

© Reuters. FILE PHOTO: A worker is silhouetted handling a cart inside a warehouse of Vanos marine supply company at Kaminia suburb in Piraeus, near Athens April 2, 2014. REUTERS/Yorgos Karahalis

Athens has already published monthly unemployment figures through October, which differ from quarterly data because they are based on different samples and are seasonally adjusted.

Quarterly figures are not seasonally adjusted.

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