Greek Jobless Rate Drops Further to 19% in July


The Greek seasonally adjusted unemployment rate decreased to 19.0 percent in July of 2018 from 19.1 percent in the previous month. It was the lowest jobless rate since August of 2011.

Compared with the previous month, the number of unemployed decreased by 1.5 percent to 897.9 thousand while the number of employed persons went up by 0.8 percent to 3.84 million.

A year ago, the jobless rate was reported at 20.9 percent. The number of unemployed persons declined by 10.4 percent while employment rose by 1.2 percent.

Unemployment fell for most of the age groups but still weighed in the 15-24 age group (37.9 percent from 41.1 percent in July 2017) and the 25-34 age group (23.7 percent from 26.3 percent). Lower rates were also observed in the 35-44 age group (17.2 percent from 18.8 percent); the 45-54 age group (16.2 percent from 16.7 percent); the 55-64 age group (14.5 percent from 17.8 percent). Meanwhile, a higher rate was recorded in the 65-74 age group (14.7 percent from 12.8 percent).

By genders, the unemployment rate was lower for men (15.1 percent from 17.5 percent) than for women (23.7 percent from 25.2 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (12.5 percent), Aegean Islands (17.3 percent) and Peloponnese, Western Greece & Ionian Islands (18.3 percent). In contrast, Epirus-Western Macedonia recorded the highest rate (23.3 percent).

Greek Jobless Rate Drops Further to 19% in July


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/11/2018 9:24:55 AM