Greece: Unemployment rate inches down in May
August 10, 2017
The number of unemployed fell by 5,490 in May compared with a decrease of 13,000 in April, according to the Hellenic Statistical Authority (EL.STAT).
The unemployment rate inched down from April’s revised 21.8% (previously reported: 21.7%) to 21.7%, a multi-year low. While the unemployment rate has fallen notably in past years, it is still well above the Eurozone average.
Author: Lindsey Ice, Economist