ECONOMY

Unemployment at 26.6 percent in second quarter of 2014

Unemployment in Greece dropped to 26.6 percent in the second quarter of 2014, compared to 27.8 percent in the previous quarter and 27.3 percent in the corresponding quarter of 2013, according to figures released by the Hellenic Statistical Authority, ELSTAT, on Thursday.

The report pointed to the number of employed standing at 3,539,085 in the second quarter of the current year and the number of unemployed at 1,280,101 people.

The survey found that the number of employed people increased by 1.6 percent compared to the previous quarter and by 0.1 percent against the first quarter of 2014.

The number of unemployed people was down 4.6 percent compared to the previous quarter and by 3.6 percent compared to the second quarter of 2013.

ELSTAT’s figures also underlined that the unemployment rate among women was higher than the unemployment rate among men, with 30.4 percent and 23.5 percent, respectively.

With regard to age, the highest unemployment rate, 52 percent, was recorded in the 15-24 year group.

Unemployment was also higher among people who did not complete primary education (43.3 percent) and among those who did not attend school (34.8 percent). Alternatively, the lowest rates were observed among people who have completed post-graduate studies or hold a doctorate (13.4 percent) and those holding a university degree (19 percent).