Thursday May 10 2018
Greek Unemployment Rate Rises from a 6-Year Low
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate picked up to 20.8 percent in February 2018, from the previous month's six-year low of 20.7 percent.

Compared with the previous month, the number of unemployed declined by 0.2 percent to 978 thousand and the number of employed decreased by 0.4 percent to 3.74 million.

A year earlier, the unemployment rate was recorded at 22.6 percent. The number of unemployed persons fell by 9.5 percent while employment grew by 0.9 percent. 

The 15-24 age group recorded the highest unemploment rate (45.4 percent vs 46.4 percent in February 2017), followed by the 25-34 age group (26.1 percent vs 29 percent), the 35-44 age group (18.8 percent vs 19.7 percent), the 55-64 age group (17.6 percent vs 19.1 percent), the 45-54 age group (16.3 percent vs 17.5 percent), and the 65-74 age group (12 percent vs 14 percent).

The unemployment rate among women decreased to 26.2 percent in February from 27.1 percent a year earlier, while among men it fell to 16.4 percent from 19 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (25.9 percent), followed by Peloponnese, Western Greece and Ionian Islands (21.4 percent) and Attica (21.1 percent); while Crete recorded the lowest rate (16.6 percent).

Unemployment has fallen since the jobless rate hit a high of 27.9 percent in September 2013, but remains the highest in the Eurozone.




Thursday April 12 2018
Greek January Jobless Rate Lowest Since 2011
ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com

The seasonally adjusted unemployment rate in Greece fell to 20.6 percent in January of 2018, from 20.8 percent in December and reaching the lowest since November 2011. The government expects the jobless rate to decrease to 18.4 percent this year, based on projections in its 2018 budget.

Compared with December 2017, the number of unemployed declined by 1 percent to 977 thousand and the number of employed went down by 0.3 percent to 3.76 million.

A year earlier, the unemployment rate was higher at 23.2 percent. The number of unemployed persons fell by 11.5 percent while employment rose by 2.7 percent.

Unemployment continued to hit mainly people aged 15 to 24, as 42.3 percent of young active population was unemployed, despite easing from 47.1 percent in the same month of 2017. Additionaly, lower jobless rates were also recorded in the majority of age groups:  the 25-34 age group (26 percent from 29.4 percent); the 35-44 age group (19 percent from 20.1 percent); the 45-54 age group (16.5 percent from 18.1 percent), the 55-64 age group (16.5 percent from 19.9 percent) and the 65-74 age group (7.1 percent from 13.9 percent).

The jobless rate among males declined to 16.7 percent in January from 19.6 percent a year ago and for females it went down to 25.6 percent from 27.6 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.2 percent), followed by Peloponnese, Western Greece and Ionian Islands (21.7 percent), Attica (21 percent), Macedonia-Thrace (20.2 percent) and Aegean Islands (19.8 percent); while Crete recorded the lowest rate (16.4 percent).


Thursday March 08 2018
Greek Jobless Rate Near 6-Year Low in December
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate declined to 20.8 percent in December 2017, matching August's six-year low and down from an upwardly revised 21 percent in the previous month.

Compared with the previous month, the number of unemployed declined by 0.7 percent to 989 thousand and the number of employed increased by 0.2 percent to 3.76 million.

A year earlier, the unemployment rate was recorded at 23.4 percent. The number of unemployed persons fell by 11.4 percent while employment grew by 2.9 percent. 

The 15-24 age group recorded the highest unemploment rate (45.0 percent vs 46.7 percent in December 2016), followed by the 25-34 age group (25.9 percent vs 29.6 percent), the 35-44 age group (18.7 percent vs 20.2 percent), the 55-64 age group (16.9 percent vs 19.9 percent), the 45-54 age group (16.2 percent vs 18.7 percent) and the 65-74 age group (10.8 percent vs 14.3 percent).

The unemployment rate among women decreased to 25.8 percent in December from 27.9 percent a year earlier, while among men it fell to 16.9 percent from 19.8 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (25.8 percent), followed by Peloponnese, Western Greece and Ionian Islands (21.7 percent), Attica and Macedonia-Thrace (both 21.1 percent) and Aegean Islands (20.5 percent); while Crete recorded the lowest rate (16.0 percent).

Unemployment has fallen since the jobless rate hit a high of 27.9 percent in September 2013, but remains the highest in the Eurozone.


Thursday February 08 2018
Greek Jobless Rate Unchanged at 20.9% in November
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate stood at 20.9 percent in November 2017, unchanged from an upwardly revised figure in October. Unemployment has fallen since the jobless rate hit a high of 27.9 percent in September 2013, but remains the highest in the Eurozone.

Compared with the previous month, the number of unemployed was almost unchanged at 996 thousand and the number of employed fell by 0.3 percent to 3.76 million.

A year earlier, the unemployment rate was recorded at 23.3 percent. The number of unemployed persons fell by 10.7 percent while employment grew by 2.6 percent. 

The 15-24 age group recorded the highest unemploment rate (43.7 percent vs 46.1 percent in November 2016), followed by the 25-34 age group (26.2 percent vs 29.5 percent), the 35-44 age group (18.6 percent vs 19.9 percent), the 45-54 age group (16.6 percent vs 18.8 percent), the 55-64 age group (17.3 percent vs 19.7 percent) and the 65-74 age group (11.6 percent vs 12.8 percent).

The unemployment rate among women decreased to 25.8 percent in November from 27.8 percent a year earlier, while among men it fell to 17.1 percent from 19.7 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26 percent), followed by Peloponnese, Western Greece and Ionian Islands (22.1 percent), Attica (21.2 percent) and Aegean Islands (21.1 percent); while Crete recorded the lowest rate (17.1 percent).


Thursday January 11 2018
Greek Jobless Rate Falls Slightly to 20.7% in October
ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com

The Greek seasonally adjusted unemployment rate fell to 20.7 percent in October of 2017, following an upwardly revised 20.8 percent in the previous month. Still, Greek unemployment rate remains more than double the Eurozone's average.


Compared with the previous month, the number of unemployed declined by 0.5 percent to 0.99 million and the number of employed decreased to 3.80 million, an insignificant change.

A year earlier, the unemployment rate was recorded at 23.3 percent. The number of unemployed persons fell by 11.1 percent while employment increased by 3.0 percent. 

The 15-24 age group recorded the highest unemployment rate (40.8 percent from 44.4 percent in October of 2016), followed by the 25-34 age group (25.7 percent from 29.7 percent), the 35-44 age group (18.9 percent from 19.7 percent), the 55-64 age group (16.7 percent from 19.5 percent), the 45-54 age group (16.4 percent from 18.8 percent), and the 65-74 age group (12.5 percent from 17.6 percent).

The unemployment rate among women declined to 25.4 percent in October from 27.9 percent a year earlier, while among men it decreased to 17.0 percent from 19.5 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (25.8 percent), followed by Peloponnese, Western Greece and Ionian Islands (21.9 percent), Macedonia-Thrace (21.4 percent) and Attica (21.2 percent); while Crete recorded the lowest rate (14.8 percent).


Thursday December 07 2017
Greek Jobless Rate Lowest Since 2011
ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com

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).


Thursday November 09 2017
Greek Jobless Rate Drops Further to Near 6-Year Low
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate fell to 20.6 percent in August 2017 from a downwardly revised 20.9 percent in the previous month. It was the lowest jobless rate since November 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 1.7 percent to 0.98 million and the number of employed rose by 0.2 percent to 3.79 million.

A year earlier, the unemployment rate was recorded at 23.3 percent. The number of unemployed persons fell by 12.6 percent while employment grew by 2.8 percent. 

The 15-24 age group recorded the highest unemploment rate (40.2 percent from 45.2 percent in August 2016), followed by the 25-34 age group (26.9 percent from 29.9 percent), the 35-44 age group (18.5 percent from 20.1 percent), the 45-54 age group (16.4 percent from 19.0 percent), the 55-64 age group (16.8 percent from 19.1 percent) and the 65-74 age group (11.3 percent from 13.9 percent).

The unemployment rate among women decreased 24.9 percent in August from 27.9 percent a year earlier, while among men it fell to 17.2 percent from 19.7 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.1 percent), followed by Macedonia-Thrace (21.6 percent) and Attica (21.2 percent); while Crete recorded the lowest rate (15.6 percent).


Thursday October 05 2017
Greek Jobless Rate Falls to Near 6-Year Low
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate fell to 21 percent in July 2017 from an upwardly revised 21.3 percent in the previous month and compared with 23.4 percent in July 2016. It was the lowest jobless rate since November 2011. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with the previous month, the number of unemployed decreased by 1.2 percent to 1.01 million and the number of employed rose by 0.4 percent to 3.80 million.

A year earlier, the unemployment rate was recorded at 23.4 percent. The number of unemployed persons fell by 10.5 percent while employment grew by 2.5 percent. 

The 15-24 age group recorded the highest unemploment rate (42.8 percent from 43.2 percent in July 2016), followed by the 25-34 age group (26.1 percent from 29.7 percent), the 35-44 age group (18.8 percent from 20.4 percent), the 45-54 age group (16.6 percent from 19.3 percent), the 55-64 age group (18.1 percent from 18.4 percent) and the 65-74 age group (11.6 percent from 13.3 percent).

The unemployment rate among women was 25.3 percent in July from 28 percent a year earlier, while among men it fell to 17.5 percent from 19.6 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.3 percent), followed by Macedonia-Thrace (22.2 percent) and Attica (21.3 percent); while Aegean Islands recorded the lowest rate (16.3 percent).


Thursday September 07 2017
Greek Jobless Rate Falls to a Fresh 5-1/2-Year Low of 21.2%
ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com

The Greek seasonally adjusted unemployment rate dropped to 21.2 percent in June 2017 from a downwardly revised 21.5 percent in the previous month and compared with 23.5 percent in June 2016. It is the lowest jobless rate since December 2011, as the number of unemployed declined by 1.3 percent to 1.02 million from the previous month and employment rose by 0.4 percent to 3.78 million. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with May, the number of unemployed decreased by 1.3 percent to 1.02 million and the number of employed rose by 0.4 percent to 3.78 million. Meanwhile, the number of inactive persons went down slightly to 3.22 million.

A year earlier, the unemployment rate was recorded at 23.5 percent. The number of unemployed persons fell by 10.2 percent while employment grew by 2.4 percent. The number of inactive persons dropped by 0.2 percent year-on-year.

Unemployment continued to hit mostly people aged 15 to 24, as 43.3 percent of young inactive population was unemployed, a decrease of 3.2 percentage points from the same month in the previous year. In June, all age groups recorded a lower jobless rate when compared to a year earlier.

The unemployment rate for males declined by 1.9 percentage points to 17.9 percent in June and for females it was down by 2.7 percentage points to 25.3 percent. 

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.9 percent), followed by Macedonia-Thrace (22.6 percent) and Attica (21.3 percent); while Crete recorded the lowest rate (17.4 percent).


Thursday August 10 2017
Greek Unemployment Rate Lowest Since 2012
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com

The Greek seasonally adjusted unemployment rate edged down to 21.7 percent in May 2017 from an upwardly revised 21.8 percent in the previous month and compared with 23.6 percent in May 2016. It was the lowest jobless rate since January 2012, as the number of unemployed decreased by 0.5 percent from the previous month to 1.04 million and employment rose by 0.1 percent to 3.74 million. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with the previous month, the number of unemployed decreased by 0.5 percent to 1.04 million and the number of employed rose by 0.1 percent to 3.74 million. Meanwhile, the number of inactive persons was unchanged at 3.24 million.

A year earlier, the unemployment rate was recorded at 23.6 percent. The number of unemployed persons fell by 8.8 percent while employment grew by 2.1 percent. The number of inactive persons declined by 0.4 percent year-on-year.

Unemployment continued to affect mainly people aged 15 to 24, as 44.4 percent of young active population was unemployed, a decrease of 5.3 percentage points from the same month in the previous year. While the majority of age groups recorded a lower jobless rate when compared to a year earlier, the unemployment rate among people aged 55 to 64 rose further by 1.3 percentage points to 19.8 percent.

The unemployment rate for males decreased by 1.7 percentage points to 18.1 percent in May and for females it was down by 2.3 percentage points to 26.1 percent.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (27.4 percent), followed by Macedonia-Thrace (22.3 percent) and Attica (22.1 percent); while Aegean Islands recorded the lowest rate (16.3 percent).