Greece Unemployment Rate Edges Up in June


Greek jobless rate increased to 25.2 percent in June of 2015, after reaching a 3-year low of 25 percent in the previous month. While unemployment fell slightly, employment dropped at a faster pace.

Compared to May, the number of unemployed declined slightly by 0.2 percent to 1,204,844 persons and employment decreased by a much faster 1.2 percent to 3,584,973 persons. The number of inactive increased by 1.3 percent to 3,298,166 persons in June. 

A year earlier, unemployment rate was recorded at 26.6 percent. The number of unemployed persons fell 6.3 percent while employment rose 1.1 percent. The number of inactive persons declined by 0.2 percent.

Unemployment affected mainly people aged 15 to 24 years in June of 2015 as 48.3 percent of young active population was unemployed. Youth unemployment rate was recorded at 51.8 in the previous month and at 49.4 percent a year earlier. Meanwhile, the unemployment rate for males decreased by 1.8 p.p. to 21.7 percent from 23.5 percent in June 2014 and for females it was down by a slower 1.1 p.p. to 29.5 percent when compared to 30.6 percent last year.

Among regions, the highest unemployment rates were reported for Thessaly-Sterea Ellas (27.1 percent) and Epirus-Western Macedonia (26.7 percent), while Aegean recorded the lowest rate (18.4 percent).

ELSTAT | Joana.ferreira | joana.ferreira@tradingeconomics.com
9/10/2015 10:29:24 AM