Greek Jobless Rate at Over 7-Year Low of 18.6%


The Greek seasonally adjusted unemployment rate dropped to 18.6 percent in September of 2018 from 18.9 percent in the previous month. It was the lowest jobless rate since July 2011.

Compared with the previous month, the number of unemployed declined by 1.1 percent to 887.0 thousand while the number of employed persons increased by 0.5 percent to 3.88 million.

A year ago, the jobless rate was recorded at 20.8 percent. The number of unemployed persons fell by 11.1 percent while employment rose by 2.3 percent.

Unemployment declined for most of the age groups but continues to hit more young people aged 15-24 years (36.6 percent from 40.5 percent in September 2017) and the 24-34 age group (24.3 percent from 25.2 percent). Lower rates were also observed in the 35-44 age group (16.7 percent from 19.1 percent); the 45-54 age group (15.6 percent from 16.9 percent); the 55-64 age group (14.1 percent from 17.7 percent) and the 65-74 age group (9.9 percent from 12.8 percent).

By genders, the unemployment rate was lower for men (14.8 percent from 17.1 percent) than for women (23.4 percent from 25.6 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (12.2 percent), Thessaly – Sterea Ellas (18.3 percent) and Peloponnese, Western Greece & Ionian Islands (18.5 percent). In contrast, Epirus-Western Macedonia recorded the highest rate (23.4 percent).

Greek Jobless Rate at Over 7-Year Low of 18.6%


ELSTAT | Agna Gabriel | agna.gabriel@tradingeconomics.com
12/6/2018 10:23:50 AM