Unemployment in Greece Reaches Lowest July Level in Nineteen Years

Greece achieves its lowest unemployment rate for July in nineteen years. Statistics show this year’s unemployment rate is lower than last year’s number.

Lowest rate since before financial crisis, but employment figures remain concerning.

Unemployment drop does not directly translate to a significant rise in employment. The workforce number is still below levels recorded back in two thousand eight.

Declining working-age population impacts labor market, especially in key economic sectors. Experts recommend increasing female participation and improving migration, wages, and conditions.