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.

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

ELSTAT | Joana Ferreira |
5/10/2018 9:32:21 AM