Greece: Unemployment rate reaches lowest level in 15 months
June 5, 2014
In March, the number of unemployed fell by 1,500 over the previous month according to the Hellenic Statistical Authority (EL.STAT.). The decrease followed the previous month’s drop of 6,000 in the number of unemployed.
The unemployment rate inched down from 26.9% in February to 26.8% in March (March 2013: 27.2%), which marked the lowest rate since December 2012. Despite the decrease, the print is more than double the Eurozone’s average unemployment rate of 11.8% in the same month.
Author: Dirina Mançellari, Senior Economist