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Greek jobless rate dips, but still remains the euro zone's highest

The number of registered unemployed in Greece stood at 1 million people in July
The number of registered unemployed in Greece stood at 1 million people in July

Greece's jobless rate dipped to 21% in July from an upwardly revised 21.3% the previous month, the country's national statistics service ELSTAT said today. 

Seasonally adjusted data showed the number of registered unemployed was 1 million people. 

Among younger persons aged 15 to 24, the jobless rate eased to 42.8% from 43.2% a year ago. 

Greece's jobless rate, which hit a record high of 27.9% in September 2013, has been easing in recent months but is still the highest in the euro zone. 

Greece expects the unemployment rate to fall to 19% next year, the finance ministry said in a draft 2018 budget submitted to parliament on October 2.