Greek Unemployment Edges Up to New High in July


In July, Greece's jobless rate edged up to 27.6 percent compared to 25.0 percent in July of 2012 and from a downward revised 27.5 percent in the previous month, hitting its highest level since the beginning of the series. Youth unemployment eased to 55.1 percent.

The number of unemployed increased by 126.5 thousand persons (a 10.1 percent rate of increase) compared with July of 2012 and by 729 persons compared with June (a 0.1 percent rate of increase).

The number of employed decreased by 136.7 thousand persons compared with the same month a year earlier (-3.6 percent) and by 14.2 thousand persons compared with June (-0.4 percent).

Inactive population, persons that neither worked neither looked for a job, increased by 21.8 thousand persons (up 0.7 percent) compared with July of 2012 and by 7.9 thousand persons compared with May of 2013 (a 0.2 percent rate of increase). 

Greek Unemployment Edges Up to New High in July


Elstat | Nuno Fontes | nuno@tradingeconomics.com
10/10/2013 10:18:04 AM