Greek Jobless Rate Falls for Second Quarter in a Row in Q3

Greek Jobless Rate Falls for Second Quarter in a Row in Q3

Greece's jobless rate fell to 27% in the third quarter of 2013 as the pace of economic contraction eased, Reuters reported.
There was a boost from tourism and new jobs were created in the agricultural and communications sectors, Reuters quoted Nikos Magginas, an economist at National Bank, as saying.
"Unemployment is expected to deteriorate moderately in the last quarter which is not a high tourism season," he said.
The jobless rate fell from 27.1% in the April-June, registering the second consecutive drop in quarterly unemployment since 2009. But it remained close to a record high 27.4% in the first quarter of the year.

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