Greek Quarterly Unemployment Drops For First Time in Four Years

Greece’s jobless rate dropped slightly to 27.1 percent in the second quarter of 2013 from 27.4 percent in the previous three-month period as economic activity slumped, the country’s statistics service said on Thursday.

It was the first drop in quarterly unemployment since the third quarter of 2009 but still near a record level hit in the first quarter.

Greece has already published monthly unemployment figures up to June, which differ from quarterly figures because they are based on different samples.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza