Greek unemployment drops to 9.3% in September

BY Reuters | ECONOMIC | 10/31/24 06:08 AM EDT

Oct 31 (Reuters) - Greece's jobless rate stood at 9.3% in September, down from 9.5% in August, data from statistics service ELSTAT showed on Thursday.

Seasonally adjusted data showed 437,648 people were officially unemployed.

Unemployment impacted women more than men, at the rates of 11.4% and 7.6%, respectively.

The jobless rate for young people aged 15 to 24 years dropped to 16.3% in September from 23.1% in the same month in 2023, ELSTAT said. (Reporting by Antonis Pothitos and Athina Karolidou in Gdansk)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article