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ATHENS – Greece’s jobless rate fell to 25.7 percent in September, down 0.3 percent from a upwardly revised 26 percent rate in August, showing some easing in the country’s six-year long recession, unless you’re one of the nearly 1.4 million people out of work.

The figures for September from the statistical agency ELSTAT were the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment hit 28 percent and almost 65 percent for those under 25, and it’s still hovering around 60 percent for them.

Greece’s unemployment is coming down from record highs as the economy stabilizes but is still more than double the Eurozone average of 11.5 percent in September.

The Greek economy is projected to expand by 0.6 percent this year although the government has done virtually nothing to create jobs in an economy worsened by harsh austerity measures imposed on orders of international lenders.

The post Greek Jobless Rate Still 25.7% appeared first on The National Herald.

Source: The National Herald
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