Economic news

Greek November Jobless Rate Declines to 16.5 Pct

Greece's unemployment rate facilitated marginally to 16.5 percent in November from 16.6 percent in the earlier month, information from the nation's statistics administration ELSTAT appeared on Thursday.

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It was the most reduced unemployment rate since April 2011.

Seasonally adjusted information demonstrated the quantity of jobless at 772,614 individuals, with those aged up to 24 enduring the worst part of being out of work.

Among more youthful people aged 15 to 24, the jobless rate tumbled to 36.1 percent from 39.7 percent around the same time in 2018. Greece's unemployment rate, which hit a record top of 27.8 percent in September 2013, has been falling since yet remains the most elevated in the eurozone.

Greece's 2020 spending ventures development getting to 2.8 percent this year from 2 percent in 2019, assisting with bringing the unemployment rate down to 15.6 percent from 17.4 percent a year ago.

Source: Reuters

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