ATHENS Oct 6 Greece's jobless rate eased to
23.2 percent in July from 23.4 percent in the previous month,
statistics agency ELSTAT said on Thursday.
The number of officially unemployed reached 1.12 million
people. Hardest hit were young people aged 15 to 24 years, with
their jobless rate dropping to 42.7 percent from 48.6 percent in
the same month a year earlier.
The reading in July, based on seasonally adjusted data, was
the lowest since March 2012 when unemployment stood at similar
levels. The jobless rate hit a record high of 27.9 percent in
Greece's unemployment rate has come down from record highs
but remains more than double the euro zone's average of 10.1
percent in July.
The economy expanded by a modest 0.2 percent in
April-to-June compared to the first quarter but is expected to
remain in recession this year as the country feels the full
brunt of austerity measures approved under its third bailout.
The government expects unemployment will drop to 22.4
percent next year, based on its draft 2017 budget which sees the
economy expanding by 2.7 percent.
(Reporting by George Georgiopoulos)