Greek Jobless Rate Edges Up to 23.4% in August


The Greek seasonally adjusted unemployment rate rose slightly to 23.4 percent in August 2016 from 23.3 percent in July, as the number of unemployed increased by 0.1 percent while employment fell by 0.2 percent. A year earlier, the unemployment rate was recorded at 24.6 percent.

Compared to the previous month, the number of unemployed increased by 0.1 percent to 1,126.5 thousand persons while the number of employed fell 0.2 percent to 3,687.5 thousand. The number of inactive persons went up 0.1 percent to 3,228.4 thousand persons. 

A year earlier, the unemployment rate was recorded at 24.6 percent. The number of unemployed persons fell by 5 percent while employment rose by 1.6 percent. The number of inactive persons declined by 1.1 percent.

Unemployment affected mainly people aged 15 to 24 years old as 46.5 percent of young active population was unemployed, a decrease of 1.8 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 55 to 64 and 65 to 74 rose further to 19.4 percent and 13.1 percent, respectively.

The unemployment rate for males decreased by 1.8 percentage points to 19.7 percent from 21.5 percent in August 2015 and for females it was down by a meager 0.5 percentage points to 28 percent when compared to 28.5 percent a year earlier.

Among regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.3 percent), Thessaly – Sterea Ellas (25 percent) and Macedonia-Thrace (25 percent), while Aegean recorded the lowest rate (19.5 percent), followed by Crete (22.2 percent).

ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/10/2016 12:53:58 PM