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2016.06.1607:05:00UTC+00Greece Q1 Unemployment Rate Rises

Greece's unemployment rate increased in the three months ended March, figures from the Hellenic Statistical Authority showed Thursday.

The jobless rate climbed to 24.9 percent in the first quarter from 24.4 percent in the previous quarter.

In the corresponding period last year, the unemployment rate was 26.6 percent.

There were 1.2 million unemployed persons in the March quarter. The number of unemployed persons increased by 1.7 percent compared with the previous quarter and decreased by 6.1 percent compared with the 1st quarter of 2015.

The youth unemployment rate, which applies to the 15 to 24 age group, dropped to 24.9 percent in the first quarter from 26.6 percent in the same period a year ago.

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