Greek unemployment rate fell to 25.9% in August, 0.2% lower from 26.1% in July and 1.9% lower from August 2013, it was announced by the Hellenic Statistical Authority (ELSTAT) earlier today. The decrease within a 12-month period is reflecting the record arrival of tourists in the country, the Authority underlined. Unemployed Greeks totaled 1,242,219 last August, while, in contrast, the number of employed people were 3,551,148, 0.9% more than in August 2013 but 0.4% less than July 2014. At the same time, the number of unemployed people fell by 112,186 in August, 8.3% down compared to August 2013 and down 1.6% compared to July 2014. The unemployment rate among women was 29.5% in August 2014, 2.5% down from August 2013, when it reached 32%. Similarly, the unemployment rate among men was 23.1% in August this year, 1.5% down from the same month in 2013, when the rate reached 24.6%. Youth unemployment rate also recorded a decrease in August 2014. Unemployment among young people aged 15-24 was 49.3% in August 2014, 9.3% lower than the same month in 2013, when it was 58.6%. During the same period, the unemployment rate among ages 25-34 fell to 32.7% from 37.7% last year (5% down), while in the age group 35-44 it fell to 22.5% from 24% (1.5% down), in the 45-54 age group it fell to 20.2% from 20.7% (0.5% down). In contrast, unemployment in the 55-64 age group rose to 16.6% from 15.8% (0.8% up) and in the 65-74 age group rose to 13.5% from 8.9% (4.6% up). The country’s region with the highest unemployment rate in August 2014 was Eastern Macedonia and Thrace with 27%, followed by Attica with 26.9%, and Epirus and Western Macedonia with 26.6%.
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