ATHENS Jan 12 Greece's jobless rate slightly
dropped to 23 percent in October from 23.1 percent in the
previous month, statistics agency ELSTAT said on Thursday.
The number of officially unemployed reached 1.1 million
people. Hardest hit were young people aged 15 to 24 years, with
their jobless rate dropping to 44.2 percent from 48.8 percent in
the same month a year earlier.
The reading in October, 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 September 2013.
Greece's jobless rate has come down from record highs but
remains more than double the euro zone's average of 9.8 percent
The economy expanded by 0.8 percent in July-to-September
compared to the second quarter, with Athens projecting a
stronger recovery next year after a protracted recession.
The government expects unemployment to drop to 22.6 percent
this year, based on its 2017 budget which sees the economy
expanding by 2.7 percent.
(Reporting by Angeliki Koutantou)