Greek Jobless Rate Lowest Since 2011


The Greek seasonally adjusted unemployment rate fell to 20.5 percent in September of 2017, following an upwardly revised 20.7 percent in the previous month. It was the lowest jobless rate since October of 2011, as the number of unemployed declined further. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with the previous month, the number of unemployed decreased by 0.6 percent to 0.98 million and the number of employed rose by 0.3 percent to 3.80 million.

A year earlier, the unemployment rate was recorded at 23.2 percent. The number of unemployed persons fell by 12.1 percent while employment grew by 2.9 percent. 

The 15-24 age group recorded the highest unemployment rate (39.5 percent from 45.0 percent in September of 2016), followed by the 25-34 age group (24.2 percent from 29.9 percent), the 35-44 age group (18.8 percent from 19.0 percent), the 55-64 age group (17.8 percent from 18.2 percent), the 45-54 age group (16.4 percent from 18.9 percent), and the 65-74 age group (11.2 percent from 14.3 percent).

The unemployment rate among women decreased 25.3 percent in September from 27.6 percent a year earlier, while among men it fell to 16.8 percent from 19.6 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (25.6 percent), followed by Macedonia-Thrace (21.8 percent) and Attica (21.2 percent); while Crete recorded the lowest rate (14.6 percent).

Greek Jobless Rate Lowest Since 2011


ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/7/2017 11:07:59 AM