Greek Jobless Rate Unchanged at 20.9% in November



The Greek seasonally adjusted unemployment rate stood at 20.9 percent in November 2017, unchanged from an upwardly revised figure in October. Unemployment has fallen since the jobless rate hit a high of 27.9 percent in September 2013, but remains the highest in the Eurozone.

Compared with the previous month, the number of unemployed was almost unchanged at 996 thousand and the number of employed fell by 0.3 percent to 3.76 million.

A year earlier, the unemployment rate was recorded at 23.3 percent. The number of unemployed persons fell by 10.7 percent while employment grew by 2.6 percent. 

The 15-24 age group recorded the highest unemploment rate (43.7 percent vs 46.1 percent in November 2016), followed by the 25-34 age group (26.2 percent vs 29.5 percent), the 35-44 age group (18.6 percent vs 19.9 percent), the 45-54 age group (16.6 percent vs 18.8 percent), the 55-64 age group (17.3 percent vs 19.7 percent) and the 65-74 age group (11.6 percent vs 12.8 percent).

The unemployment rate among women decreased to 25.8 percent in November from 27.8 percent a year earlier, while among men it fell to 17.1 percent from 19.7 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26 percent), followed by Peloponnese, Western Greece and Ionian Islands (22.1 percent), Attica (21.2 percent) and Aegean Islands (21.1 percent); while Crete recorded the lowest rate (17.1 percent).

Greek Jobless Rate Unchanged at 20.9% in November


ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/8/2018 10:20:50 AM