Greece Jobless Rate Drops

Unemployment in Greece recorded a noteworthy decrease in September, compared to the same month in 2016, according to data supplied by the Greek statistics authority. The unemployment rate in September stood at 20.5%, down from 23.2% during the corresponding month of 2016, TornoNews reported. Compared to the immediately preceding month of August, a marginal drop of 0.2% was recorded, given that the unemployment rate for August was revised upwards to 20.7% from 20.6%.The development marked the ninth consecutive month where the jobless rate fell, according to the statistics authority, EL.STAT. In absolute numbers, registered unemployed people totaled slightly more than 981,000, which is 135,000 fewer than in September 2016, or 12.1% lower. The number of employed people increased by 105,773, comparing September to September, a rise of 2.9%; and 0.3% compared to the previous month. The number of employed people in Greece in September reached 3.8 million, up from 3.964 million in September 2016—the largest number since the punishing economic crisis began in late 2009.