Greek Jobless Rate Near 6-Year Low in December


The Greek seasonally adjusted unemployment rate declined to 20.8 percent in December 2017, matching August's six-year low and down from an upwardly revised 21 percent in the previous month.

Compared with the previous month, the number of unemployed declined by 0.7 percent to 989 thousand and the number of employed increased by 0.2 percent to 3.76 million.

A year earlier, the unemployment rate was recorded at 23.4 percent. The number of unemployed persons fell by 11.4 percent while employment grew by 2.9 percent. 

The 15-24 age group recorded the highest unemploment rate (45.0 percent vs 46.7 percent in December 2016), followed by the 25-34 age group (25.9 percent vs 29.6 percent), the 35-44 age group (18.7 percent vs 20.2 percent), the 55-64 age group (16.9 percent vs 19.9 percent), the 45-54 age group (16.2 percent vs 18.7 percent) and the 65-74 age group (10.8 percent vs 14.3 percent).

The unemployment rate among women decreased to 25.8 percent in December from 27.9 percent a year earlier, while among men it fell to 16.9 percent from 19.8 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (25.8 percent), followed by Peloponnese, Western Greece and Ionian Islands (21.7 percent), Attica and Macedonia-Thrace (both 21.1 percent) and Aegean Islands (20.5 percent); while Crete recorded the lowest rate (16.0 percent).

Unemployment has fallen since the jobless rate hit a high of 27.9 percent in September 2013, but remains the highest in the Eurozone.

Greek Jobless Rate Near 6-Year Low in December


ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/8/2018 10:24:14 AM