Greek Jobless Rate Falls to Near 6-1/2-Year Low in March

The Greek seasonally adjusted unemployment rate decreased to 20.1 percent in March 2018 from a downwardly revised 20.6 percent in the previous month. It was the lowest jobless rate since October 2011
ELSTAT | Luisa Carvalho | 6/7/2018 9:42:18 AM
Compared with the previous month, the number of unemployed declined by 1.5 percent to 956 thousand and the number of employed rose by 1.3 percent to 3.79 million.

A year ago, the unemployment rate was recorded at 22.1 percent. The number of unemployed persons fell by 9.6 percent while employment grew by 2.0 percent.

Unemployment decreased in the majority of age groups: the 15-24 age group (43.2 percent from 45.2 percent); the 25-34 age group (24.7 percent from 28.7 percent); the 35-44 age group (18.3 percent from 19.1 percent); the 45-54 age group (16.4 percent from 17.3 percent) and 55-64 age group (16.4 percent from 19.3 percent). In contrast, it increased in the 65-74 age group (11.8 percent from 10.9 percent).

Among genders, the unemployment rate was lower for men (16.3 percent from 18.5 percent) than for women (25.0 percent from 26.8 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (16.7 percent), followed by Aegean Islands (18.6 percent) and Thessaly-Sterea Ellas (19.0 percent); while Epirus-Western Macedonia recorded the higehst (25.0 percent).

Greek Jobless Rate Falls to Near 6-1/2-Year Low in March