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World

Greek jobless rate rises to 19.2pc in first quarter

Published Updated

ATHENS: Greece's jobless rate rose to 19.2pc percent in January-to-March from 18.7pc in the fourth quarter, data by the country's statistics service ELSTAT showed on Thursday.

About 64.9pc percent of Greece's 907,061 jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the figures showed.

Greece's highest unemployment rate was recorded in the first quarter of 2014, when joblessness hit 27.8pc.

The data showed that women and young people in the 15-19 age group were most affected among the unemployed. The jobless rate for women was 24pc versus 15.4pc for men in the first quarter, while for people aged 15-19 it stood at 50.2pc.

Athens has already published monthly unemployment figures through March, which differ from quarterly data because they are based on different samples and are seasonally adjusted.

March unemployment fell to 18.1pc, the lowest since July 2011.

Quarterly figures are not seasonally adjusted.

Greece's economy expanded 0.2pc in the first three months of 2019, after shrinking slightly in last year's final quarter, driven by consumer spending and a pick-up in investments, although a slow-down in Europe made falling exports a drag.

Copyright Reuters, 2019
 

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