Unemployment approaching 11% in Greece
2022.12.16 08:02
[ad_1]
Unemployment approaching 11% in Greece
Budrigannews.com – According to data released on Friday by the country’s statistics service ELSTAT, the unemployment rate in Greece decreased to 11.6% in the third quarter, down from 12.4% in the second quarter of the year.
Around 63% of Greece’s 555,567 jobless are long haul jobless, meaning they have been unemployed for no less than a year, the figures showed.
The first quarter of 2014 saw the highest rate of unemployment ever recorded in Greece, which was 27.8%.
According to the most recent data, among the unemployed, women and young people between the ages of 15 and 19 were particularly affected.
Women had a jobless rate of 15.4%, while men had a rate of 8.7%, and people between the ages of 15 and 19 had a rate of 40.2%.
More First signs recession in UK
Since they are based on different samples and are seasonally adjusted, Athens’ monthly unemployment figures through October differ from quarterly data.
Seasonal adjustments are not made to quarterly data.
