Greek Jobless Rate Drops Further to Near 6-Year Low



The Greek seasonally adjusted unemployment rate fell to 20.6 percent in August 2017 from a downwardly revised 20.9 percent in the previous month. It was the lowest jobless rate since November 2011, as the number of unemployed declined further. Still, Greek unemployment rate remains more than double the Eurozone's average.

Compared with the previous month, the number of unemployed decreased by 1.7 percent to 0.98 million and the number of employed rose by 0.2 percent to 3.79 million.

A year earlier, the unemployment rate was recorded at 23.3 percent. The number of unemployed persons fell by 12.6 percent while employment grew by 2.8 percent. 

The 15-24 age group recorded the highest unemploment rate (40.2 percent from 45.2 percent in August 2016), followed by the 25-34 age group (26.9 percent from 29.9 percent), the 35-44 age group (18.5 percent from 20.1 percent), the 45-54 age group (16.4 percent from 19.0 percent), the 55-64 age group (16.8 percent from 19.1 percent) and the 65-74 age group (11.3 percent from 13.9 percent).

The unemployment rate among women decreased 24.9 percent in August from 27.9 percent a year earlier, while among men it fell to 17.2 percent from 19.7 percent.

Among the country's regions, the highest unemployment rates were reported for Epirus-Western Macedonia (26.1 percent), followed by Macedonia-Thrace (21.6 percent) and Attica (21.2 percent); while Crete recorded the lowest rate (15.6 percent).

Greek Jobless Rate Drops Further to Near 6-Year Low


ELSTAT | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/9/2017 10:25:28 AM