Unemployment climbs to 23.1pct in May from 16.8pct in May 2011

Greek unemployment climbed to 23.1 percent in May from 22.6 percent in the preceding month of April and 16.8 percent in the corresponding month in 2011, the independent Hellenic Statistical Authority (ELSTAT) announced on Thursday.

In a report on the seasonally adjusted unemployment rate report, said that the unemployment rate in May 2012 was 23.1% compared to 16.8% in May 2011 and 22.6% in April 2012.

The number of employed amounted to 3,816,912 persons. Τhe number of unemployed amounted to 1,147,372 while the number of inactive to 3,361,131.

The number of employed decreased by 320,540 persons compared with May 2011 (a 7.7% rate of decrease) and by 593 persons compared with April 2012 (a 0.02% rate of decrease).

Unemployed increased by 311,041 persons (a 37.2% rate of increase) compared with May 2011 and by 34,141 persons compared with April 2012 (a 3.1% rate of increase).

Inactive persons –that is, persons that neither worked neither looked for a job– increased by 11,170 persons (a 0.3% rate of increase) compared with May 2011 and decreased by 306 persons compared with April 2012 (a 0.01% rate of decrease).(AMNA)

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