Greece’s jobless rate rose to 17.0% in May from an upwardly revised 15.7% reading in the previous month, data from the country’s statistics service ELSTAT showed on Thursday.
It was the lowest jobless rate since June 2011 but the highest reading in the last nine months.
Seasonally adjusted data showed the number of unemployed at 764,912 people, with those aged up to 24 bearing the brunt of being out of work.
Among younger persons aged 15 to 24, the jobless rate rose to 37.5% from 32.2% in the same month in 2019. Greece’s jobless rate, which hit a record high of 27.8% in September 2013, had been falling since but remains the highest in the euro zone.
Greece’s 2020 budget projected growth picking up this year, helping to drive joblessness down to 15.6% but a government-imposed lockdown to stem the spread of the new coronavirus pandemic has thrown forecasts off.
The EU Commission estimates unemployment in Greece will rise to 19.9% this year, projecting the economy will contract by 9.0%.
Disruption to global oil supplies from the Iran war has added more than $100 to the price of long-haul flights from Europe, a cost likely to trigger higher ticket prices, campaign group...
The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had...
Morning Briefing
Diesel shock strains Maltese freight sector as costs surge across Europe
A sharp rise in diesel prices across Europe is placing renewed pressure on Malta’s freight...
Updated 1230
Borg: Global Trade Shifting to ‘Trusted Corridors’ as Uncertainty Grows: Foreign Minister Ian Borg told a Commonwealth trade summit in London that global trade fragmentat...
The European Parliament is moving closer to finalising its position on the EU’s next long-term budget, setting the stage for a key institutional milestone in shaping the 2028–2034 Multia...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Disruption to global oil supplies from the Iran war has added more than $100 to the price of long-haul flights from Europe, a cost likely to trigger higher ticket prices, campaign group...
Lufthansa is ending 20,000 short-haul routes across its network through October to achieve “jet fuel savings of more than 40,000 metric tons,” the airline announced.
Jet fuel costs ha...
“A company’s workplace culture praised by management, needs to be taken with caution. But when the recognition comes directly from employees, that carries greater weight,” says JONATHAN ...
EU lawmakers have approved new rules aimed at strengthening how failing banks are managed, extending protections to a wider range of institutions and depositors across the bloc.
The p...
Malta Public Transport announces that it will be operating two additional evening trips between Mġarr and Nadur in Gozo on Saturday 18 April 2026 to facilitate passenger travel following...
In line with its mission to drive a truly digital Malta, GO plc is making giga-speed internet the entry point for all business customers, with six months completely free for new Business...
Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data.
The oil prod...
Rights groups, including Amnesty International, say Iran carries out more executions per capita than any other country, and more in total than any nation except China, where reliable fig...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Russian forces have taken 1,700 square km (656 square miles) of territory in Ukraine this year and are advancing on its so-called fortress belt in Donbas, Moscow's top general said whil...
Russia unleashed its deadliest attack so far this year on the Ukrainian capital Kyiv and other cities overnight, killing 16 people, including a 12-year-old child, and wounding scores, i...
