Greece unemployment drops to 7.4% in August, second-best on record

Greece's unemployment rate fell to 7.4% in August, the second-lowest level ever recorded, just above the 7.3% peak of May 2008. The male unemployment rate dropped sharply to 4.9% from 6.9%, indicating broad labor market improvement. This confirms continued economic recovery, though the sustainability of the trend remains uncertain given the historical context.