Greek Jobless Rate Steady At 23.5% In January


The Greek seasonally adjusted unemployment rate came in at 23.5 percent in January 2017, unchanged from December's revised figure and down from 24.3 percent in January 2016. The number of unemployed decreased by 0.2 percent from the previous month and employment fell 0.2 percent while the number of inactive persons rose 0.2 percent.

Compared with the previous month, the number of unemployed decreased by 0.2 percent to 1.116 million while the number of employed fell by 0.2 percent to 3.639 million. Meanwhile, the number of inactive persons rose 0.2 percent to 3.27 million.

A year earlier, the unemployment rate was recorded at 24.3 percent. The number of unemployed persons fell by 4.1 percent while employment rose only 0.2 percent. The number of inactive persons increased by 0.1 percent.

Unemployment contninued to affect mainly people aged 15 to 24, as 48 percent of young active population was unemployed, a decrease of 2.9 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 to 64 rose further to 20.2 percent from 19.2 percent.

The unemployment rate for males decreased by 0.9 percentage points to 19.9 percent in January and for females it was down by 0.7 percentage points to 27.9 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.4 percent), followed by Macedonia-Thrace (24.6 percent); Thessaly – Sterea Ellas (24.3 percent); Peloponnese, Western Greece and Ionian Islands (24.1 percent); while Aegean Islands recorded the lowest rate (19.6 percent).

ELSTAT | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/6/2017 9:18:38 AM