Greek Jobless Rate Falls to Over 8-Year Low in July

The seasonally adjusted unemployment rate in Greece edged down to 16.9 percent in July 2019 from an upwardly revised 17.1 percent in the prior month and compared with 19.1 percent in July 2018. It is the lowest jobless rate since May of 2011.
ELSTAT | Luisa Carvalho | 10/10/2019 10:13:28 AM
Compared with the previous month, the number of unemployed decreased by 11.4 thousand, or 1.4 percent, to 797 thousand while the number of employed persons went down by 10.2 thousand, or 0.3 percent, to 3.909 million. 

A year ago, the jobless rate was recorded at 19.1 percent. The number of unemployed persons declined by 109.6 thousand, or 12.1 percent, whereas employed increased by 59.6 thousand, or 1.5 percent.

Unemployment decreased in all age groups but continued to hit more young people aged 15-24 years (32.9 percent vs 37.8 percent in July 2018) and the 25-34 age group (22.8 percent vs 24.2 percent). Lower rates were mainly registered in the 35-44 age group (14.3 percent vs 17.3 percent); the 45-54 age group (14.3 percent vs 16.0 percent); the 55-64 age group (14.2 percent vs 14.9 percent) and the 65-74 age group (9.3 percent vs 12.7 percent). 

The jobless rate went down for both genders, but was lower for men (13.7 percent vs 15.1 percent) than for women (21.0 percent vs 24.0 percent).

Across the country's regions, the lowest unemployment rates were registered in Crete (9.9 percent), Aegean Islands (14.7 percent) and Attica (16.8 percent). In contrast, Epirus-Western Macedonia posted the highest rate (20.3 percent).

Greek Jobless Rate Falls to Over 8-Year Low in July