Thursday September 06 2018
Greek Jobless Rate Falls to Near 7-Year Low of 19.1%
ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com

The Greek seasonally adjusted unemployment rate declined to 19.1 percent in June of 2018 from a downwardly revised 19.3 percent in the prior month. It was the lowest jobless rate since September of 2011.

Compared with the previous month, the number of unemployed decreased by 1.4 percent to 909.3 thousand while the number of employed increased by 0.5 percent to 3.86 million.

A year ago, the jobless rate was reported at 21.3 percent. The number of unemployed persons went down by 11.0 percent while employment rose by 2.2 percent.

Unemployment declined among all age groups but continued to weigh more in the 15-24 age group (39.1 percent from 43.4 percent in June 2017) and the 25-34 age group (23.2 percent from 27.3 percent). Lower rates were also observed in the 35-44 age group (17.6 percent from 19.0 percent); the 45-54 age group (16.1 percent from 16.8 percent); 55-64 age group (15.1 percent from 17.1 percent) and the 65-74 age group (10.1 percent from 12.6 percent).

By genders, the unemployment rate was lower for men (15.3 percent from 17.9 percent) than for women (23.8 percent from 25.5 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (12.2 percent), Aegean Islands (17.9 percent) and Peloponnese, Western Greece & Ionian Islands (18.5 percent). In contrast, Epirus-Western Macedonia recorded the highest rate (24.4 percent).

The Government expects the unemployment to fall to 18.4 percent this year as the economy recovers, based in its 2018 budget.




Thursday August 09 2018
Greek Jobless Rate Lowest Since 2011
ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com

The Greek seasonally adjusted unemployment rate fell to 19.5 percent in May of 2018 from a downwardly revised 20.0 percent in the prior month. It was the lowest jobless rate since September of 2011.

Compared with the previous month, the number of unemployed declined by 1.9 percent to 924.9 thousand while the number of employed rose by 1.3 percent to 3.82 million. 

A year ago, the jobless rate was recorded at 21.7 percent. The number of unemployed persons decreased by 10.9 percent while employment increased by 1.9 percent.

Unemployment dropped among all age groups but weighed more in the 15-24 age group (39.7 percent from 44.0 percent in May of 2017) and the 25-34 age group (24.0 percent from 27.4 percent). Lower rates were also recorded in the 35-44 age group (18.1 percent from 19.0 percent); the 45-54 age group (16.3 percent from 17.1 percent); 55-64 age group (15.3 percent from 18.7 percent) and the 65-74 age group (10.6 percent from 12.0 percent).  

By genders, the unemployment rate was lower for men (15.8 percent from 18.2 percent) than for women (24.1 percent from 26.0 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (13.5 percent), Thessaly – Sterea Ellas (18.4 percent) and Peloponnese, Western Greece & Ionian Islands (19.0 percent). On the other hand, Epirus-Western Macedonia recorded the highest rate (24.0 percent). 


Thursday July 12 2018
Greek Jobless Rate Edges Up to 20.2% in April
ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com

The Greek seasonally adjusted unemployment rate increased to 20.2 percent in April 2018 from 20.1 percent in the previous month.

Compared with the previous month, the number of unemployed decreased by 0.8 percent to 949.7 thousand while the number of employed fell by 1.1 percent to 3.76 million.

A year ago, the unemployment rate was recorded at 21.7 percent. The number of unemployed persons went down by 9.0 percent while employment was barely unchanged.

Unemployment decreased among all age groups but weighed more in the 15-24 age group (42.3 percent from 44.2 percent in April 2017) and the 25-34 age group (25.4 percent from 27.5 percent). Lower rates were also seen in the 35-44 age group (18.4 percent from 19.2 percent); the 45-54 age group (16.7 percent from 17.1 percent); 55-64 age group (15.6 percent from 18.6 percent) and the 65-74 age group (11.0 percent from 11.7 percent).  

By genders, the jobless rate was significantly lower for men (16.5 percent from 18.2 percent) than for women (24.7 percent from 26.1 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (11.6 percent), followed by Thessaly – Sterea Ellas (18.6 percent) and Aegean Islands (19.5 percent); whereas Epirus-Western Macedonia recorded the highest rate (25.5 percent). 


Thursday June 07 2018
Greek Jobless Rate Falls to Near 6-1/2-Year Low in March
ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com

The Greek seasonally adjusted unemployment rate decreased to 20.1 percent in March 2018 from a downwardly revised 20.6 percent in the previous month. It was the lowest jobless rate since October 2011

Compared with the previous month, the number of unemployed declined by 1.5 percent to 956 thousand and the number of employed rose by 1.3 percent to 3.79 million.

A year ago, the unemployment rate was recorded at 22.1 percent. The number of unemployed persons fell by 9.6 percent while employment grew by 2.0 percent.

Unemployment decreased in the majority of age groups: the 15-24 age group (43.2 percent from 45.2 percent); the 25-34 age group (24.7 percent from 28.7 percent); the 35-44 age group (18.3 percent from 19.1 percent); the 45-54 age group (16.4 percent from 17.3 percent) and 55-64 age group (16.4 percent from 19.3 percent). In contrast, it increased in the 65-74 age group (11.8 percent from 10.9 percent).

Among genders, the unemployment rate was lower for men (16.3 percent from 18.5 percent) than for women (25.0 percent from 26.8 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (16.7 percent), followed by Aegean Islands (18.6 percent) and Thessaly-Sterea Ellas (19.0 percent); while Epirus-Western Macedonia recorded the higehst (25.0 percent).


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).