ECONOMY

Jobless rate remained high in July

The jobless rate in Greece posted a marginal decline in June, according to Hellenic Statistical Authority (ELSTAT) figures released on Thursday, as its seasonally adjusted level came to 27 percent compared with 27.1 percent in May 2014 and 27.6 percent in June 2013.

However, in July, the country’s Manpower Organization (OAED) recorded a small increase in the number of those registered as unemployed.

Both the ELSTAT and the OAED figures have caused concern at the Finance Ministry, as they relate to months during which the tourism flow and seasonal employment increased considerably.

The numbers suggest that it will be hard to bring the jobless rate down from this high level.

ELSTAT data showed that the unemployed numbered 1,303,884 people in June, the total number of those employed stood at 3,527,112, while the financially inactive population was estimated at 3,305,922 people.

OAED announced that those registered as unemployed increased from 963,492 in June to 979,026 in July.