Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high

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

The non-seasonally-adjusted unemployment rate eased again in the third quarter (Q3) of 2014, falling to 25.5 from 26.6 percent in Q2 and 27.2 percent in Q3 2013, according to the Hellenic Statistical Authority (ELSTAT).

The drop in Q3 also reflects the seasonal positive impact from tourism. The headline figure is the first reading below the 26-percent mark since Q3 2012.

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