Greece Unemployment Rate

Unemployment Rate in Greece decreased to 26.70 percent in January of 2014 from 27.20 percent in December of 2013. Unemployment Rate in Greece is reported by the National Statistical Service of Greece. Unemployment Rate in Greece averaged 13.68 Percent from 1998 until 2014, reaching an all time high of 27.70 Percent in September of 2013 and a record low of 7.30 Percent in May of 2008. In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Greece Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
26.70 27.20 27.70 7.30 29.20 | 2014/02 1998 - 2014 Percent Monthly

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Greece Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-09 10:30 AM Greece
Unemployment Rate
Oct 2013 27.8% 27.7% (R) 27.7%
2014-02-13 10:00 AM Greece
Unemployment Rate
Nov 2013 28.0% 27.7% (R) 28.1%
2014-03-06 10:00 AM Greece
Unemployment Rate
Dec 2013 27.5% 27.6% (R) 28.4%
2014-04-10 10:00 AM Greece
Unemployment Rate
Jan 2014 26.7% 27.2% (R) 27.5% 27.6%
2014-05-08 10:00 AM Greece
Unemployment Rate
Feb 2014 26.7% 29.2%
2014-06-05 10:00 AM Greece
Unemployment Rate
Mar 2014 26.8%
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Labour Last Previous Highest Lowest Forecast Unit
Population 11.29 2012-12-31 11.31 11.31 8.33 11.27 2013-12-31 Million [+]
Employed Persons 3609.26 2014-01-15 3562.38 4601.86 3533.58 3524.38 2014-01-31 [+]
Job Vacancies 12747.00 2013-05-15 7520.00 51613.00 5325.00 3084.66 2013-09-30 [+]
Labour Costs 91.00 2013-05-15 81.50 122.90 49.30 88.92 2013-09-30 Index Points [+]
Long Term Unemployment Rate 18.50 2013-09-30 17.70 18.50 3.60 19.97 2013-12-31 percent [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 57.00 65.00 2013-12-31 [+]
Retirement Age Women 65.00 2013-01-01 63.50 67.00 57.00 65.12 2013-12-31 [+]
Unemployed Persons 1319.62 2014-01-15 1339.28 1399.68 324.78 1343.19 2014-01-31 [+]
Youth Unemployment Rate 58.30 2013-12-15 58.30 60.80 21.20 57.96 2014-01-31 Percent [+]
Unemployment Rate 26.70 2014-01-31 27.20 27.70 7.30 29.20 2014-02-28 Percent [+]
Minimum Wages 683.80 2013-12-31 683.80 876.60 522.00 674.69 2014-01-31 EUR [+]
[+]


Greece Unemployment Rate Falls to 11-Month Low

In January of 2014, Greek seasonally adjusted jobless rate fell to 26.7 down from a revised 27.2 percent in the previous month, but up from 26.5 percent a year earlier. Revised figures showed the unemployment fell for the fourth straight month.

Employed persons amounted to 3,613,826. The number of unemployed was recorded at 1,317,848, while the number of inactive registered 3,386,498. 

The number of employed rose by 40,119 persons compared with December 2013 (+1.1 percent) and decreased by 14,913 persons compared with January 2013 (-0.4 percent).

Unemployed decreased by 17,446 persons compared with the previous month (-1.3% percent), while increased by 6,815 persons (+0.5 percent) compared with January 2013.

Inactive persons decreased by 26,844 persons compared with December 2013 (-0.8 percent) and increased by 9,210 persons (+0.3 percent) compared with a year earlier.

ELSTAT | Isabel Felino | isabel.felino@tradingeconomics.com
4/10/2014 10:42:50 AM

RECENT RELEASES

Greece Unemployment Rate Falls Slightly
In December of 2013, Greek seasonally adjusted jobless rate decreased marginally to 27.5 percent, compared to a downwardly revised 27.6 percent in November. The figure is more than twice the Euro Area’s average of 12 percent. Published on 2014-03-06

Greece Unemployment Rate Edges Up in November 2013
In November of 2013, Greek jobless rate rose to a new record high at 28 percent from a revised 27.7 percent in October and 26.3 percent last year. Unemployment in Greece is more than twice the euro zone's record-high of 12.1 percent in the same period. Published on 2014-02-13


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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