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    07.07.2016 11:22 Grece unemployment at 4 years low

    07.07.2016 11:22

    Grece unemployment at 4 years low

    Greece's unemployment rate dropped for a third straight month to its lowest level in more than four years, data from the Hellenic Statistical Authority showed Thursday.

    The seasonally adjusted jobless rate fell to 23.3 percent from 23.7 percent in March, revised from 24.1 percent reported earlier. A year ago, the rate was 25.3 percent.

    The latest figure was the lowest since March 2012, when it was 22.6 percent.

    The number of unemployed dropped to 1.11 million from 1.13 million in the previous month. On a year-on-year basis, the jobless figure declined by 90,955 persons, or 7.5 percent.

    Employment grew by 3 percent year-on-year and by 1.8 percent from the previous month.

    The youth unemployment rate, which applies to the 15-24 age group, was 47.4 percent in Apirl versus 51.7 percent in the same month last year.


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