UPDATE 1-Greek October unemployment eases to 11.6%, lowest since 2010

Reuters
·1 min read

(Adds details)

ATHENS, Dec 1 (Reuters) - Greece's jobless rate eased to 11.6% in October from an upwardly revised 12% in September, data from statistics service ELSTAT showed on Thursday.

The reading was the lowest recorded since March 2010 - at the start of Greece's decade-long economic crisis - following the revision of last month's figure. Unemployment had reached its peak in the summer of 2013, and has been falling steadily since.

Seasonally adjusted data showed 542,941 people were officially unemployed, with those under the age of 24 the hardest hit.

Unemployment was worse among women than men, with the rates at 15.6% and 8.4% respectively.

Greece's economy is expected to grow by 1.8% next year, at a slower pace than initially expected, as soaring energy costs and higher inflation are seen hurting tourism and curbing domestic demand, the government's 2023 final budget projected last month. (Reporting by Karolina Tagaris; Editing by Alex Richardson)

  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Major water users in southern Alberta agree to curb consumption in face of drought

    CALGARY — More than three dozen major water users in southern Alberta have agreed to voluntarily curb their consumption if there's a severe drought this spring or summer. The province announced Friday that municipalities, irrigation districts and industry players have signed memorandums of understanding covering four sub-basins — the Red Deer River, the Bow River, the mainstem of the Oldman River and upper tributaries of the Oldman. The deals are billed as the biggest of their kind in Alberta's

  • Bug season is coming: Prepare with this top-selling $15 indoor fly trap that uses zero chemicals

    Swap the swatter for an insect-buster that has over 16,000 shoppers buzzing.

  • Lazio up to sixth in Serie A after win at Genoa

    GENOA, Italy (AP) — A second-half goal from Luis Alberto gave Lazio a 1-0 win at Genoa on Friday and moved the capital club into sixth spot in Serie A and within touching distance of a Champions League spot. The result snapped Genoa’s four-game unbeaten run and was another good result for a visitor which has won four of its last five league games. Lazio was one place and one point ahead of Atalanta, which has two games in hand. The top five teams in Serie A are guaranteed a place in next year’s

  • Man Utd confirm Jason Wilcox as technical director in boost to transfer plans

    Manchester United have confirmed the appointment of Jason Wilcox as technical director in a huge boost to the club’s summer transfer planning.

  • Columbine survivors can’t believe that the shootings haven’t stopped 25 years later

    Since 1999, the name of a Colorado high school has been tragically enshrined in the public consciousness – and has become synonymous with mass shootings. But those left reeling by the massacre at Columbine have watched in horror as mass shootings are replicated over and over again across the US, writes Sheila Flynn

  • Alberta spring signals another Oilers-Kings NHL playoff showdown

    EDMONTON — There are a few sure signs of spring in Alberta. The snow turns to slush, the Canada geese return to the ponds, lakes and streams, and the Edmonton Oilers and Los Angeles Kings face each other in the first round of the Western Conference Playoffs. The two rivals will meet in the first round for the third season in a row, with the Oilers looking to make it a hat trick of victories. The Oilers rebounded from a 3-2 series deficit to win a seven-game thriller two seasons ago. In 2023, the

  • Startups Weekly: Is the wind going out of the AI sails?

    Welcome to Startups WeeklySign up here to get it in your inbox every Friday. The report highlights a notable decrease in both private and corporate investments in the AI sector for the second consecutive year, with overall investments dropping by 20% in 2023 compared to the previous year, Kyle reports. Despite this general downturn, certain segments like generative AI continue to attract significant funding, indicating a selective yet substantial interest in specific AI applications.

  • Best Buy Power Up Sale: Score up to 75% on top tech until Sunday — from Apple, Sony and more

    Save 100s on laptops, tablets, appliances and more during Best Buy's big sale.

  • Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs

    Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according to the food-and-drinks maker and one of its executives with knowledge of the deal, PepsiCo was using only 36 of Teslas promised 100 electric trucks as of this month. The shortfall, which hasn't been previously disclosed, lays bare the challenges for Tesla as it seeks to become a high-volume player in the truck-manufacturing business.

  • Viewer video shows aftermath of Stuart police pursuit

    WPTV has obtained viewer video that shows the aftermath of a Stuart police pursuit that ended in a fatal crash.

  • Emma Raducanu beaten by Iga Swiatek but Briton on upward trajectory

    A resurgent Emma Raducanu played some of her best tennis in recent memory but fell short in a compelling quarter-final battle against world number one Iga Swiatek at the Stuttgart Open.

  • Mets release New York-inspired City Connect jerseys

    Yahoo Sports’ Jason Fitz and senior MLB analyst Jordan Shusterman react to the newly released New York Mets City Connect jerseys that pay homage to Queens and New York City. Hear the full conversation on the “Baseball Bar-B-Cast” podcast - and subscribe on Apple Podcasts, Spotify or wherever you listen.

  • IPO Stock Of The Week: Cava Stock Looks For Support At Key Level

    Cava stock: The Mediterranean restaurant leader is one of the best stocks to watch right now, looking for support at a key level.

  • Tesla Stock Dropped Below $149. Where It Could Be Headed Next.

    Tesla stock was falling for a sixth day Friday. Whether the decline is in response to news that the company is recalling its avant-garde Cybertruck to fix a problem with the accelerator pedal or simply because of weakness in the overall market doesn’t really matter. In this case, the “accelerator pedal pad may dislodge and become trapped by the interior trim,” the notice said.

  • MasterCraft Boat, SentinelOne, and More Stocks See Action From Activist Investors

    Coliseum Capital increased its stake in boat maker MasterCraft. Insight Venture Partners sold shares of cybersecurity firm SentinelOne.

  • Robert Olstein Bolsters Portfolio with a 1% Stake in The Middleby Corp

    Insights from the Olstein Financial Alert Fund's Latest 13F Filing

  • Emma Raducanu beaten by Iga Swiatek in Stuttgart Open quarter-finals as winning run ends

    Reigning world No1 eventually prevails after epic first set in Germany

  • GLOBAL MARKETS-Wall St indexes split, Treasuries dip amid earnings, geopolitical crosscurrents

    U.S. stocks were mixed on Friday and Treasury yields dipped as investors juggled lackluster earnings, uncertainties surrounding central bank policy and geopolitical strife. Gold and crude prices advanced as market participants kept an uneasy eye on unfolding turmoil in the Middle East. The Dow was the lone gainer among the three major U.S. equity indexes, while the Nasdaq, weighed down by megacap tech and tech-related momentum stocks, tumbled 2.3%.

  • Director Devin Johnson Sells 1,000 Shares of Progressive Corp (PGR)

    Director Devin Johnson has sold 1,000 shares of Progressive Corp (NYSE:PGR) on April 17, 2024, according to a recent SEC Filing.

  • FOCUS-Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs

    Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according to the food-and-drinks maker and one of its executives with knowledge of the deal, PepsiCo was using only 36 of Teslas promised 100 electric trucks as of this month. The shortfall, which hasn't been previously disclosed, lays bare the challenges for Tesla as it seeks to become a high-volume player in the truck-manufacturing business.