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Greek unemployment rate fell to 23.1 pct in Q2

Greek unemployment rate fell to 23.1 pct of the workforce in the second quarter of 2016, from 24.9 pct in the first quarter and 24.6 pct in the same period last year, with the number of unemployed people totaling 1,112,075, Hellenic Statistical Authority said on Thursday.

Despite a decline in the unemployment rate, two basic problems remain unresolved: a 49.1 pct of young people aged up to 24 years is unemployed, while unemployment among young women was 52.5 pct. Also, around 803,000 people, or 72.2 pct of unemployed are long-term unemployed and around 935,000 people, or 84 pct of total unemployed, accept part-time jobs.
The number of unemployed people fell 6.9 pct in the second quarter, compared with the first quarter, and by 5.8 pct compared with the second quarter of 2015.
The unemployment rate among women was 27.6 pct (28.3 pct in the second quarter of 2015), while among men it was 19.4 pct (21.5 pct). The age group 15-24 recorded the highest unemployment rate (49.1 pct from 49.5 pct in Q2 2015), followed by the 25-29 age group (32.6 pct from 35.7 pct), the 30-44 age group (21.5 pct from 23.8 pct), the 45-64 age group (19.1 pct from 18.8 pct) and the above 65 years age group (11.9 pct from 9.9 pct).