Greek unemployment dips to 24.6 percent in second quarter, just before worst of crisis

MarketsAssociated Press

Unemployment in Greece fell slightly in the second quarter, just before the worst of the country's most recent financial jitters.

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The country's statistical agency said Thursday the rate fell to 24.6 percent from 26.6 percent the previous quarter, but remains the highest in the 28-nation European Union.

Just over 1.1 million Greeks were unemployed during the period.

About half of young Greeks seeking jobs were out of work, with the unemployment rate in the 15-24 age group standing at 49.5 percent, down from 52 percent in the same quarter last year.

Greece has been struggling through an economic crisis since 2010, and its financial situation worsened this year when concerns rose again about its future in the euro. Thousands of private businesses have shut in recent years, adding to unemployment.