Greece Jobless Rate Slightly Down to 24.2% in February


Greek unemployment rate edged down to 24.2 percent in February of 2016 compared to 24.4 percent in the previous month. The number of unemployed reached 1.16 million people while employment rose to 3.63 million. A year earlier, the unemployment rate was recorded at 25.8 percent.

Compared to the previous month, the number of unemployed decreased by 0.6 percent to 1,158.7 thousand persons while the number of employed rose by 0.3 percent to 3,625.3 thousand. The number of inactive went up slightly by 0.2 percent to 3,277.1 thousand persons. A year earlier, the unemployment rate was recorded at 25.8 percent. The number of unemployed persons fell by 5.7 percent while employment rose by 2.4 percent. The number of inactive persons declined by 1.7 percent.

Unemployment affected mainly people aged 15 to 24 years as 51.4 percent of young active population was unemployed, a decrease of 0.4 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 25 to 34 and people aged 55 to 64 rose further.

The unemployment rate for males decreased by 2 percentage points to 20.6 percent from 22.6 percent in February and for females it was down by a much slower 1.1 percentage points to 28.7 percent when compared to 29.8 percent last year.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (28.7 percent), Thessaly – Sterea Ellas (27.6 percent) and Crete (26.9 percent), while Aegean continued to record the lowest rate (13.1 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/12/2016 10:24:27 AM