Unemployment rate in Greece is rising

V.R. (translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 12 aprilie 2016

Unemployment rate in Greece increased slightly in January this year, to 24.4%, from 24.3% in the previous month, and down from 25.7% in January 2015, according to the Athens Statistics Bureau - ELSTAT. Thus, unemployment in Greece remains almost double than in the Eurozone and almost three times higher than in the European Union.

According to seasonally adjusted data, the January level is the lowest since May 2012, when the unemployment rate was at 24.1%. The highest level, of 27.9%, was seen in September 2013.

According to ELSTAT, 1,169,119 people did not have a job in January, down 62,999 over the previous month. Also, the number of employees in Greece was 3,613,483, up 59,789 over the previous month, ELSTAT announced.

The highest unemployment rate, of 51.9%, was seen among young people aged 15 to 24. In January 2015, the unemployment rate on this segment was 50.5%.

Greece's economy fell 0.3% last year, according to revised data recently published by ELSTAT. In 2014, the Greek economy exited a recession which lasted almost six years, posting an advance of 0.7%.

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