Greece Employment Change - Forecast

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.


Greece Employment Change
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Greece Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 20.2 19.6 19.1 18.2 17.5 16
Employed Persons 3801 3740 3780 3800 3820 3990
Unemployed Persons 941 1000 990 980 975 950
Part Time Employment 357 383 385 386 388 396
Full Time Employment 3366 3580 3600 3610 3620 3700
Employment Rate 80.15 79.6 79.8 79.9 80 81.2
Long Term Unemployment Rate 14.5 14.2 13.8 13.6 13.2 12.5
Youth Unemployment Rate 42.3 41.6 41.2 41 40.5 36
Labour Costs 90.3 80.1 95.9 89.1 90.2 96.6
Job Vacancies 2825 11200 12500 18900 15100 16300
Minimum Wages 684 684 684 684 684 684
Population 10.74 10.74 10.74 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 51.6 52.6 52.7 52.7 52.8 53.2
Living Wage Family 1020 1050 1050 1070 1070 1200
Living Wage Individual 580 580 580 620 620 650
Wages High Skilled 1600 1700 1700 1750 1750 1750
Wages Low Skilled 747 800 800 850 850 850
Productivity 91.1 94 94.4 94.6 94.2 95.6
Employment Change 0.3 0.5 0.5 0.4 0.4 0.5