Athens, March 18 (SocialNews.XYZ) The unemployment rate in Greece in January dropped to a 12-year record low of 12.8 per cent, unchanged from December 2021, authorities said here.
In the fourth quarter (Q4) of 2021, the unemployment rate was 13.2 per cent, down from 16.2 per cent in the same period of 2020, Xinhua news agency quoted the Hellenic Statistical Authority (ELSTAT) as saying.
At the peak of the Greek debt crisis in 2013, the jobless rate was 27.5 per cent in the country.
In a statement, the Ministry of Labour and Social Affairs Ministry attributed the improvement to the reforms implemented in recent years, which have reduced labour costs and adjusted the corporate tax rates.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz