Greek Jobless Rate Lowest Since 2011


The Greek seasonally adjusted unemployment rate fell to 19.5 percent in May of 2018 from a downwardly revised 20.0 percent in the prior month. It was the lowest jobless rate since September of 2011.

Compared with the previous month, the number of unemployed declined by 1.9 percent to 924.9 thousand while the number of employed rose by 1.3 percent to 3.82 million. 

A year ago, the jobless rate was recorded at 21.7 percent. The number of unemployed persons decreased by 10.9 percent while employment increased by 1.9 percent.

Unemployment dropped among all age groups but weighed more in the 15-24 age group (39.7 percent from 44.0 percent in May of 2017) and the 25-34 age group (24.0 percent from 27.4 percent). Lower rates were also recorded in the 35-44 age group (18.1 percent from 19.0 percent); the 45-54 age group (16.3 percent from 17.1 percent); 55-64 age group (15.3 percent from 18.7 percent) and the 65-74 age group (10.6 percent from 12.0 percent).  

By genders, the unemployment rate was lower for men (15.8 percent from 18.2 percent) than for women (24.1 percent from 26.0 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (13.5 percent), Thessaly – Sterea Ellas (18.4 percent) and Peloponnese, Western Greece & Ionian Islands (19.0 percent). On the other hand, Epirus-Western Macedonia recorded the highest rate (24.0 percent). 

Greek Jobless Rate Lowest Since 2011


ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/9/2018 9:28:05 AM