Jobless rate grows marginally to 12.6 pct as youth unemployment drops by over 7 points

EconomyMacroeconomy Tags: ELSTAT, Unemployment
Photo by Pavlos Svoronos/Fosphotos
Photo by Pavlos Svoronos/Fosphotos

Greece’s seasonally adjusted (SA) unemployment rate pushed up marginally in July to 12.6 percent, from an upwards revised 12.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.

In July last year, the unemployment rate was 14.1 percent, although last year’s figure was partly affected by methodology issues related to government support programmes that protected jobs or placed employees on furlough schemes.

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