Greek unemployment drops to 8.4 pct in April

ATHENS - Greece’s unemployment rate fell in April compared with March as the beginning of the tourist season increased hirings in the sector, official figures showed on Wednesday.

By (Reuters)

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Published: Wed 18 Jul 2007, 6:52 PM

Last updated: Sat 4 Apr 2015, 10:21 PM

The jobless rate was 8.4 percent in April against 9.5 percent in March and 9.0 percent in April last year, according to the unadjusted data from the National Statistics Service (NSS).

“Greece’s tourism season begins in spring, so more people are hired during this period than in winter,” the statistics service said. “Unemployment fell throughout the euro zone, and therefore Greece tracks these European trends.”

April’s figure is the lowest since Greece began calculating unemployment on a monthly basis in February this year. Greece has traditionally issued data on a quarterly basis. The previous lowest was 8.3 percent for the third quarter of 2006.

Despite Greece’s strong economic growth the jobless rate remains higher than the euro zone average, a sign that a large part of it is structural.

Euro zone unemployment in April was 7.1 percent.

NSS said there were 415,047 people officially unemployed in Greece, while an estimated 4.512 million people had jobs.

Unemployment has continued to decline from 10.6 percent in April 2004, the figures showed.

Joblessness continued to affect women more than men. In April female unemployment was 13.3 percent compared to 5.0 percent for men.

Most hardest hit were the young, with unemployment amongst the 15-24 age group at 21.2 percent.

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