Greek Jobless Rate Steady at 18.6%


The Greek seasonally adjusted unemployment rate was at 18.6 percent in October of 2018, unchanged from the previous month. It remained the lowest jobless rate since July of 2011.

Compared with the previous month, the number of unemployed dropped by 1.3 percent to 876.0 thousand and the number of employed persons fell by 0.8 percent to 3.84 million.

A year ago, the jobless rate was recorded at 21.0 percent. The number of unemployed persons declined by 12.2 percent while employment increased by 2.1 percent.

Unemployment decreased for most of the age groups but continues to hit more young people aged 15-24 years (38.5 percent from 41.3 percent in October 2017) and the 24-34 age group (23.9 percent from 26.0 percent). Lower rates were also seen in the 35-44 age group (16.6 percent from 19.2 percent); the 45-54 age group (15.1 percent from 16.9 percent); the 55-64 age group (14.0 percent from 17.3 percent) and the 65-74 age group (11.6 percent from 12.3 percent).

By genders, the jobless rate was lower for men (15.0 percent from 17.1 percent) than for women (23.1 percent from 25.8 percent).

Across the country's regions, the lowest unemployment rates were recorded in Crete (10.9 percent), Thessaly – Sterea Ellas (18.3 percent) and Aegean Islands (18.6 percent). On the other hand, Epirus-Western Macedonia registered the highest rate (22.2 percent).

Greek Jobless Rate Steady at 18.6%


ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/10/2019 10:16:17 AM