Greek unemployment eases to 25.4% in February
- Written by E.Tsiliopoulos
Greece’s jobless rate dropped slightly to 25.4 percent in February from a downwardly revised 25.6 percent rate in the previous month, statistics agency ELSTAT said on Wednesday.
February’s reading, based on seasonally adjusted data, is the lowest since July 2012 when unemployment stood at 25.3 percent. The jobless rate hit a record high of 27.9 percent in September 2013.
Unemployment has come down from record highs as the economy stabilised last year after a severe slump, but remains more than double the euro zone’s average of 11.3 percent in February.
Greece’s economy, which grew 0.7 percent last year, is expected to expand by only 0.5 percent this year based on the latest EU Commission forecasts.
Tagged under
Related items
-
Lamia: 63 cases of food poisoning from school lunches
-
Higher global temperatures causing Caretta turtles to lay eggs sooner
-
Mitsotakis: If North Macedonia does not respect the Prespa Agreement, their path to the EU will remain closed
-
EU Commission sees Greece's growth rate at 2.2% in 2024 and 2.3% in 2025
-
Menidi: Forty year old woman stabbed by enstranged husband in the middle of the street - Police on manhunt
Latest from E.Tsiliopoulos
- Lamia: 63 cases of food poisoning from school lunches
- Higher global temperatures causing Caretta turtles to lay eggs sooner
- Mitsotakis: If North Macedonia does not respect the Prespa Agreement, their path to the EU will remain closed
- EU Commission sees Greece's growth rate at 2.2% in 2024 and 2.3% in 2025
- Menidi: Forty year old woman stabbed by enstranged husband in the middle of the street - Police on manhunt