Greek Jobless Rate Falls Further to 17% in June


The seasonally adjusted unemployment rate in Greece decreased to 17.0 percent in June 2019 from a downwardly revised 17.1 percent in the prior month and compared with 19.2 percent in June of 2018. It was the lowest jobless rate since May of 2011.

Compared with the previous month, the number of unemployed went down by 6.0 thousand, or 0.7 percent, to 805 thousand while the number of employed persons rose by 5.8 thousand, or 0.1 percent, to 3.928 million.

A year ago, the jobless rate was recorded at 19.2 percent. The number of unemployed persons decreased by 110.1 thousand, or 12 percent whereas employment increased by 80.1 thousand, or 2.1 percent.

Unemployment fell for all age groups but continued to hit more young people aged 15-24 years (35.5 percent vs 38.5 percent) and the 25-34 age group (23.4 percent vs 23.6 percent). Lower rates were mainly observed in the 35-44 age group (14.9 percent vs 17.5 percent); the 45-54 age group (13.9 percent vs 16.1 percent); the 55-64 age group (12.9 percent vs 15.4 percent) and the 65-74 age group (9.0 percent vs 12.5 percent). 

The jobless rate declined for both genders, but was considerably lower for men (13.9 percent vs 15.3 percent in June 2018) than for women (20.9 percent vs 24.1 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (10.1 percent), Aegean Islands (13.9 percent) and Attica (16.8 percent). In contrast, Epirus-Western Macedonia posted the highest rate (19.3 percent).

Greek Jobless Rate Falls Further to 17% in June


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/5/2019 9:55:13 AM