Greek Unemployment Rate Rises from a 6-Year Low

The Greek seasonally adjusted unemployment rate picked up to 20.8 percent in February 2018, from the previous month's six-year low of 20.7 percent.
ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com 5/10/2018 9:32:21 AM
Compared with the previous month, the number of unemployed declined by 0.2 percent to 978 thousand and the number of employed decreased by 0.4 percent to 3.74 million.

A year earlier, the unemployment rate was recorded at 22.6 percent. The number of unemployed persons fell by 9.5 percent while employment grew by 0.9 percent. 

The 15-24 age group recorded the highest unemploment rate (45.4 percent vs 46.4 percent in February 2017), followed by the 25-34 age group (26.1 percent vs 29 percent), the 35-44 age group (18.8 percent vs 19.7 percent), the 55-64 age group (17.6 percent vs 19.1 percent), the 45-54 age group (16.3 percent vs 17.5 percent), and the 65-74 age group (12 percent vs 14 percent).

The unemployment rate among women decreased to 26.2 percent in February from 27.1 percent a year earlier, while among men it fell to 16.4 percent from 19 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (25.9 percent), followed by Peloponnese, Western Greece and Ionian Islands (21.4 percent) and Attica (21.1 percent); while Crete recorded the lowest rate (16.6 percent).

Unemployment has fallen since the jobless rate hit a high of 27.9 percent in September 2013, but remains the highest in the Eurozone.

Greek Unemployment Rate Rises from a 6-Year Low