Greek Jobless Rate at Over 7-Year Low of 18.1%


The seasonally adjusted unemployment rate in Greece fell to 18.1 percent in March 2019 from a downwardly revised 18.4 percent in the previous month. It was the lowest jobless rate since July 2011, as the number unemployed dropped by 1.7 percent while the number of employed rose by 0.2 percent.

Compared with the previous month, the number of unemployed dropped by 1.7 percent to 850 thousand while the number of employed persons rose by 0.2 percent to 3.85 million. 

A year ago, the jobless rate was recorded at 20.2 percent. The number of unemployed persons declined by 10.9 percent while employment went up by 2.1 percent.

Unemployment decreased for almost all age groups but young people aged 15-24 years (40.4 percent from 41.7 percent) and the 25-34 age group (24.3 percent from 25.6 percent) continued to record the highest rates. Lower rates were mainly observed in the 35-44 age group (16.1 percent from 18.5 percent); the 45-54 age group (14.2 percent from 16.6 percent); the 55-64 age group (14.1 percent from 16.0 percent) and the 65-74 age group (8.6 percent from 12.3 percent).

By genders, the jobless rate was lower for men (14.4 percent from 16.4 percent) than for women (22.8 percent from 25.0 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (13.4 percent), Aegean Islands (17.7 percent) and Attica (17.8 percent). On the other hand, Epirus-Western Macedonia recorded the highest rate (20.9 percent).

Greek Jobless Rate at Over 7-Year Low of 18.1%


ELSTAT | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/6/2019 9:29:18 AM