ECONOMY

Quarterly unemployment drops for first time in almost four years, to 27.1

Quarterly unemployment figures in Greece fell for the first time in almost four years in the second quarter of 2013, declining from 27.4 percent in Q1 to 27.1.

The Hellenic Statistical Authority said the number of Greeks employed in Q2 stood at 3,632,184 people, while the number of unemployed amounted to 1,350,435.

Despite the quarterly drop, unemployment still stood 3.5 percentage points higher in Q2 this year than a year earlier.

The number of employed persons increased by 1 percent compared with the previous quarter, and decreased by 4.2 percent compared with the Q2 of 2012.

The number of unemployed persons decreased by 0.4 percent compared with the previous quarter and increased by 15.5 percent compared with Q2 of 2012.

Unemployment for the 15-24 age group was at 59 percent and at 44.4 percent for those between 25 and 29.

Quarterly unemployment figures are not seasonally adjustment.