Greek jobless rate dips further to 25.5 percent

AP News
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Posted: Dec 18, 2014 6:18 AM

ATHENS, Greece (AP) — Official Greek figures show unemployment in the country fell further to 25.5 percent in the third quarter from 26.6 percent in the previous quarter.

Thursday's figures from the Hellenic Statistical Authority, which are not adjusted for seasonal factors, show that just over 1.2 million people are unemployed in Greece, which has a population of around 11 million. The jobless rate fell by 6.9 percent compared to the same three months last year, when it stood at 27.2 percent.

Young people continue to be the most badly affected, with unemployment in the 15-24 age range standing at 49.5 percent.

Greece has been relying on rescue loans from other European countries and the International Monetary Fund since 2010. Its savage six-year recession came to an end earlier this year.