Greece: Unemployment rate falls to new low in October
January 12, 2017
The number of unemployed decreased by 8,200 in October, according to the Hellenic Statistical Authority (EL.STAT.). The result followed the 11,300 decrease in unemployed seen in September.
The unemployment rate inched down from September’s 23.1% to 23.0% in October. October’s figure marked the lowest unemployment rate since March 2012 and was below that of the same month of the previous year (October 2015: 24.4%). Despite the improvements registered over the past year, Greece’s unemployment rate is still well above the Eurozone average.