Tags: EU | Greece | Bailout

Greek Unemployment Down to 23.1 Percent in April-June

Thursday, 15 Sep 2016 10:43 AM

ATHENS, Greece (AP) — Unemployment in bailout-dependent Greece dropped to 23.1 percent between April and June, down from nearly 25 percent in the first quarter but still the worst jobless rate in the European Union.

The country's statistical authority said Thursday that a total 1.1 million people were without a job in the second quarter, while 3.7 million were employed.

After Greece's public finances fell apart in early 2010 and the country signed the first of three multi-billion euro bailouts, unemployment hit levels unseen during peacetime in recent Greek history.

However, the rate generally has been going down since it approached a high of 28 percent in early 2014.

Greece's left-wing government is in negotiations with its bailout creditors over term reforms that would secure it a 2.8-billion euro ($3.15 billion) loan installment.

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Unemployment in bailout-dependent Greece dropped to 23.1 percent between April and June, down from nearly 25 percent in the first quarter but still the worst jobless rate in the European Union.The country's statistical authority said Thursday that a total 1.1 million people...
EU,Greece,Bailout
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2016-43-15
 
 

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