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Greek jobs situation improving but still grim


Greek jobs situation improving but still grim


The jobless rate in Greece fell in the third quarter of this year.

However at 27 percent of the workforce, it remained the highest in the eurozone.

It was 27.1 percent in the previous three-month period.

Down from a record level of 27.4 percent in the early part of 2013.

Joblessness in Greece’s austerity ravaged economy is a major headache for the coalition government there.

Unemployment has more than tripled since 2008, the start of the protracted recession which has wiped out about a quarter of Greece’s gross domestic product.

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