Greek Unemployment Increases to 25.2% in June



unemploymentGreek unemployment rate showed a slight increase in June 2015, rising to 25.2% from 25% in May, noted the Hellenic Statistical Authority (ELSTAT).

The rate was at the lowest seasonal percentage since June 2012, when it stood at 24.9%, based on the seasonal data collected by ELSTAT.

Furthermore, according to the data, the Greek unemployment rate has decreased since its all-time-high in September 2013 (27.9%), especially after the economy stabilized over the last year. However, it still remains at double the Eurozone’s average rate, as noted by Reuters, which stood at 10.9% in July, its lowest level in the last three years.

According to Eurostat, the unemployment rate in Greece was the highest in Europe for the month of June. The total number of unemployed people in Europe reached 23.3 million, with 17.8 million of them belonging to Eurozone countries. More than 4.7 million are young under 25 years old, with 3.2 million of them residing in Eurozone member-states.


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