Greek Jobless Rate Falls Further to 18% in December


The Greek seasonally adjusted unemployment rate edged down to 18 percent in December 2018 from a downwardly revised 18.3 percent in the previous month. It remains at the lowest level since July 2011.

Compared with the previous month, the number of unemployed went down by 1.9 percent to 852 thousand and the number of employed persons rose by 0.1 percent to 3.87 million.

A year ago, the jobless rate was recorded at 20.7 percent. The number of unemployed persons decreased by 14 percent while employment increased by 2.8 percent.

Unemployment declined for all age groups but continued to hit more young people aged 15-24 years (39.5 percent from 43.1 percent in December 2017) and the 25-34 age group (24.2 percent from 25.7 percent). Lower rates were also observed in the 35-44 age group (16.2 percent from 19.2 percent); the 45-54 age group (14.4 percent from 16.6 percent); the 55-64 age group (13.9 percent from 17.3 percent) and the 65-74 age group (8.7 percent from 11.9 percent).

By genders, the jobless rate was lower for men (14.1 percent from 16.7 percent) than for women (23.1 percent vs 26.0 percent).

Across the country's regions, the lowest unemployment rates were recorded in Crete (8.3 percent) and Peloponnese, Western Greece & Ionian Islands (18.3 percent). In contrast, Epirus-Western Macedonia registered the highest rate (21.1 percent).

Greece's jobless rate remains the highest in the eurozone which decreased to 7.8 percent in December 2018, the lowest level since October 2008, from 7.9 percent in November.


Greek Jobless Rate Falls Further to 18% in December


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/7/2019 11:35:05 AM