Greek unemployment falls to 14.4pc in March, lowest since November 2010
- Seasonally adjusted data showed the number of unemployed at 653,686 people, with those aged up to 24 bearing the brunt of being out of work.
ATHENS: Greece's jobless rate dropped to 14.4pc in March from a downwardly revised 15.9pc reading in the previous month, data from the country's statistics service ELSTAT showed on Thursday.
It was the lowest jobless rate since November 2010.
Seasonally adjusted data showed the number of unemployed at 653,686 people, with those aged up to 24 bearing the brunt of being out of work.
Among younger persons aged 15 to 24, the jobless rate fell to 32.4pc from 37.7pc in the same month in 2019.
Greece's jobless rate, which hit a record high of 27.8pc in September 2013, has been falling since but remains the highest in the euro zone.
Greece's 2020, budget projected growth picking up this year, helping to drive joblessness down to 15.6pc but the government-imposed lockdown to stem the spread of the new coronavirus has thrown forecasts off.
The EU Commission, in its latest forecasts, estimates unemployment in Greece will rise to 19.9pc this year, projecting the economy will contract by 9.7pc.
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