Greek unemployment falls to 15-year low, signaling economic recovery

09:12 1/11/2024 - Πηγή: iEfimerida

In a major boost for the Greek economy, unemployment has fallen to its lowest point in 15 years. New figures show the jobless rate dropped to 9.3% in September, the best since May 2009.

The positive trend signals a strong recovery for Greece after years of economic hardship.

Youth unemployment also hit a record low,

with just 16.3% of young people aged 15-24 out of work. This is particularly encouraging as it suggests a more stable and promising future for the next generation of workers.

The decline in unemployment is attributed to several factors, including recent wage increases and government policies aimed at boosting job creation. The unemployment rate for women has also significantly decreased, indicating progress towards gender equality in the workplace.

These positive figures come as Greece continues to recover from a decade-long financial crisis. The country's unemployment rate peaked at a staggering 27.8% in 2013, leaving over 1.3 million people searching for work.

The latest data suggests that Greece is finally turning the corner.

With unemployment falling and the economy growing, the future looks brighter for the country and its people.

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