Greek Jobless Rate Lowest Since 2012


The seasonally adjusted unemployment rate in Greece dropped to 23.2 percent in July 2016 from 23.4 percent in June and below 24.8 percent a year earlier. It was the lowest reading since March of 2012, as the number of unemployed fell by 0.5 percent to 1,120,843 compared to the previous month while employment went up by 0.4 percent to 3,703,828.


A year earlier, the unemployment rate was recorded at 24.8 percent. The number of unemployed persons declined by 6.4 percent while employment rose by 2.2 percent. The number of inactive persons dropped by 1.3 percent.

The highest unemployment among age groups was recorded at 42.7 percent for 15-24 years old (compared to 48.6 percent in July 2015), followed by those aged 25-34 years old (29.5 percent compared to 31.6 percent in July 2015) while unemployment went up for those aged 55-64 (18.6 percent compared to 17 perncet in July 2015).

The unemployment rate for males went down by 2.3 percentage points to 19.4 percent from 21.7 percent in July 2015, and for females it decreased by 0.9 percentage points to 27.9 percent when compared to 28.8 percent a year earlier. Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.3 percent); Thessaly – Sterea Ellas (24.3 percent) and Peloponnese; Macedonia-Thrace (24.2 percnet); Attica (23.1 percent), while Aegean recorded the lowest rate (19.5 percent).

ELSTAT | Mojdeh Kazemi | mojdeh@tradingeconomics.com
10/6/2016 10:25:54 AM