ECONOMY

Greek unemployment eases in July by 0.3 pct compared to June

The Greek unemployment rate dipped 0.3 percent in July compared to June, continuing a slow by steady downward trend, data released on Thursday by the Hellenic Statistical Authority (ELSTAT) showed.

ELSTAT’s seasonally adjusted jobless rate for the crisis-hit nation in July was 26.4 percent in July from a revised 26.7 percent in June and 27.8 percent in July 2013.

The number of people out of work from a population of around 11 million stood at 1.28 million in July, showing a reduction of some 69,400 individuals compared with the same month last year.

The number of people with jobs rose by 72,657 in July year-on-year (2.1 percent up) and by 34,218 in June (1 percent rise) to reach a total of 3,581,832, ELSTAT figures showed.