February 6, 2020 / 10:17 AM / 14 days ago

Greek November unemployment drops to 16.5 pct

ATHENS, Feb 6 (Reuters) - Greece’s jobless rate eased slightly to 16.5% in November from 16.6% in the previous month, data from the country’s statistics service ELSTAT showed on Thursday.

It was the lowest jobless rate since April 2011.

Seasonally adjusted data showed the number of unemployed at 772,614 people, with those aged up to 24 bearing the brunt of being out of work.

Among younger persons aged 15 to 24, the jobless rate fell to 36.1% from 39.7% in the same month in 2018. Greece’s jobless rate, which hit a record high of 27.8% in September 2013, has been falling since but remains the highest in the euro zone.

Greece’s 2020 budget projects growth picking up to 2.8% this year from 2% in 2019, helping to bring the jobless rate down to 15.6% from 17.4% last year. (Reporting by Angeliki Koutantou and Renee Maltezou)

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