Greek Jobless Rate Rises to 18.5% in January


The seasonally adjusted unemployment rate edged up to 18.5 percent in January of 2019 from an upwardly revised 18.4 percent in the previous month.

Compared with the previous month, the number of unemployed increased by 0.5 percent to 873 thousand and the number of employed went down by 0.2 percent to 3.83 million. 

A year ago, the jobless rate was recorded at 20.6 percent. The number of unemployed persons fell by 10.5 percent while employment rose by 1.8 percent.  

Unemployment declined for almost all age groups and continued to hit more young people aged 15-24 years (39.7 percent from 41.9 percent in January of 2018) and the 25-34 age group (24.2 percent from 25.7 percent). Lower rates were also observed in the 35-44 age group (16.4 percent from 19 percent); the 45-54 age group (15 percent from 16.4 percent) and the 55-64 age group (14.4 percent from 16.8 percent). On the other hand, unemployment increased for the 65-74 age group (13 percent from 8.3 percent).

By genders, the jobless rate was lower for men (14.5 percent from 16.5 percent) than for women (23.6 percent from 25.6 percent).

Across the country's regions, the lowest unemployment rates were recorded in Crete (12.4 percent) and Peloponnese, Western Greece & Ionian Islands (18.3 percent). In contrast, Epirus-Western Macedonia registered the highest rate (21.3 percent).

Greek Jobless Rate Rises to 18.5% in January


ELSTAT | Agna Gabriel | agna.gabriel@tradingeconomics.com
4/11/2019 9:17:54 AM