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- Greek unemployment drops to 14.2% in July
Greek unemployment drops to 14.2% in July
Reuters reports that data from the statistics service ELSTAT showed that Greece's jobless rate dropped to 14.2% in July from 15.0% in the previous month. Seasonally adjusted data showed 664,384 people were officially unemployed, with those aged under 24 the hardest hit.
After hitting a record high of 27.8% in September 2013, Greece's jobless rate has been falling but it remains the highest in the euro zone.
Greece's economy grew strongly in the second quarter, beating forecasts, with its annual expansion rate hitting 16.2% as consumer spending and investments picked up.
Last week Prime Minister Kyriakos Mitsotakis said the economy was set to grow by a better-than-expected 5.9% for this year as a whole.
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