Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year

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

Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged in May, dropping to 12.5 percent, from an upwards revised 12.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.

In the same month last year, the unemployment rate was 15.6 percent, although last year’s figure was affected by methodology issues related to government support programmes that protected jobs or placed employees on furlough schemes.

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