Traditional sectors carry burden of job creation as unemployment levels fall

EconomyMacroeconomy Tags: ELSTAT, Labour, Unemployment
Photo by MacroPolis
Photo by MacroPolis

Having weathered the pandemic over the last two years, Greece’s labour market remains on the recovery path it has been following since July 2013, when monthly unemployment rate peaked at 28 pct and 1.36 million Greeks were out of employment.

ELSTAT released the latest monthly unemployment figure on Wednesday and, for the time in more than a decade, the rate was under 13 pct, landing at 12.8 pct in December. Meanwhile, the number of unemployed fell below the 600,000-threshold.

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