Employment Change in Greece is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Change in Greece to stand at 0.40 in 12 months time. In the long-term, the Greece Employment Change is projected to trend around 0.50 percent in 2020, according to our econometric models.


Forecast Data Chart
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Greece Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 18.9 17.9 17.5 17.1 16.5 15.1
Employed Persons 3861 4010 4100 4150 4200 4400
Unemployed Persons 896 850 810 750 780 710
Part Time Employment 362 385 386 388 355 396
Full Time Employment 3498 3600 3610 3620 3551 3700
Employment Rate 81.17 82 82.4 82.7 82.9 83.6
Long Term Unemployment Rate 13.7 13.2 12.7 12.5 12 9.5
Youth Unemployment Rate 36.8 37.6 37.2 36.4 32.61 30.6
Labour Costs 90 95.9 89.1 90.2 81.63 96.6
Job Vacancies 14351 12500 18900 15100 8424 16300
Minimum Wages 684 684 684 684 684 684
Population 10.74 10.74 10.69 10.69 10.69 10.64
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Labor Force Participation Rate 52.1 52.7 52.7 52.8 51.63 53.2
Living Wage Family 1070 1050 1070 1070 1070 1200
Living Wage Individual 595 580 620 620 620 650
Wages 1060 1065 1095 1055 1057 1200
Wages High Skilled 1510 1700 1750 1750 1750 1750
Wages Low Skilled 717 800 850 850 850 850
Productivity 93.2 94.4 94.6 94.2 97.02 95.6
Employment Change 0.8 0.5 0.4 0.4 0.1 0.5