Unemployment

UK economy grows in second quarter

Britain's economy expanded slightly over the second quarter thanks to strong output in June and despite inflation remaining high, official data showed on Aug. 11.

Gross domestic product grew 0.2 percent in the April-June period after output expanded 0.1 percent in the first quarter, the Office for National Statistics said in a statement.

Unemployment rate at 11.1 pct in June 2023, down from 12.3 pct in June 2022

The Hellenic Statistical Authority (ELSTAT) on Tuesday announced the seasonally adjusted estimates of employment and unemployment for June 2023.

The seasonally adjusted unemployment rate in June 2023 amounted to 11.1% compared to the downwards-revised 12.3% in June 2022 and to the upwards-revised 11.3% in May 2023.

Greek workforce is shrinking

Greek unemployment returned this May to the level of 10.8%, a similar rate to that of May 2004. The latest available Hellenic Statistical Authority data show that the number of unemployed in Greece was 506,000, while in May 2004 they had numbered 517,000, which is roughly on the same level.

Türkiye's unemployment rate at lowest level since 2014

Türkiye's unemployment rate decreased to 9.5 percent in May, the lowest level since March 2014, with a 0.5 percentage decrease from April, according to official data.

The nation's unemployment rate fell by 193,000 people to 3.3 million in May on a monthly basis, official figures from the Turkish Statistical Institute (TÜİK) showed yesterday.

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