Unemployment creeps up to 27.6 pct in July; little tourism boost evident

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

The seasonally adjusted unemployment rate in July edged marginally higher to 27.6 percent from 27.5 percent in June, according to data released on Thursday by the Hellenic Statistical Authority (ELSTAT).

Despite the reduction in the number of unemployed people in July, from 1.4 million to 1.37 million the decline in the number of employed combined with a significant increase in the number of people that dropped out of the labour force has pushed the rat...

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