Unemployment rate inched up again in Sept to 27.4 pct

EconomyMacroeconomy Tags: ELSTAT, Labour, Unemployment
Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]
Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

The seasonally adjusted unemployment rate in September rose marginally to 27.4 percent, from 27.3 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT). The September rate is now just under the historic high of 27.5 percent in May this year.

Reversing a positive trend evident in the preceding two months, the rate of increase in the number of unemployed people accelerated to 1.03 percent in September from 0.44 percent in August, while the respective figure for employed decelerated to 0.15 pe...

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