Un­em­ploy­ment rate eases to 18.9 pct

Kathimerini English - - Focus -

Greece’s un­em­ploy­ment rate dropped to 18.9 per­cent in Au­gust 2018, ac­cord­ing to Hel­lenic Sta­tis­ti­cal Au­thor­ity (ELSTAT) fig­ures re­leased yes­ter­day. In July, the un­em­ploy­ment rate came to 19.1 per­cent, while in Au­gust last year it was 20.8 per­cent. Data from the coun­try’s sta­tis­tics ser­vice showed that the rate of un­em­ployed among young peo­ple aged up to 24 years old fell to 36.8 per­cent from 40.4 per­cent in the same month in 2017. Ac­cord­ing to ELSTAT, the work­force in Greece grew by 85,997 per­sons in Au­gust this year com­pared with Au­gust 2017 and by 25,249 com­pared with July this year. The num­ber of un­em­ployed peo­ple decreased by 95,760 in Au­gust 2018 com­pared with last Au­gust and by 7,886 com­pared with July 2018. Dur­ing the bailout pro­grams of the last eight years, Greece saw its un­em­ploy­ment rate hit a record high of 27.9 per­cent in Septem­ber 2013.

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