Greek Unemployment Up to 25.2 Percent in June

Unemployment in Greece rose to 25.2 percent in June, a slight rise of 0.2 percent from the previous month.

The seasonally-adjusted figure was the lowest for June for three years. In June 2012 it stood at 24.9 percent.

The jobless total has come down from record highs – it hit 27.9 percent in September 2013 – as the economy has stabilised after a severe slump.

But it remains more than double the eurozone’s average, which eased to 10.9 percent in July.

Young people are particularly badly hit by the poor labour conditions. The data showed that 48.3 percent of those aged 15 to 24 were looking for work.

The Greek economy expanded by 0.9 percent in the second quarter but is expected to slide back into recession in the second half of the year.

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Source: Euronews