The Greek seasonally adjusted unemployment rate dropped to 18.9 percent in August of 2018 from an upwardly revised 19.1 percent in the previous month, staying at its lowest level since August 2011. The number of unemployed fell by 0.9 percent to 896.6 thousand while the number of employed rose by 0.7 percent to 3.86 million. Unemployment Rate in Greece averaged 16.18 percent from 1998 until 2018, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.30 percent in May of 2008.

Greece Unemployment Rate
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Greek Jobless Rate at 7-Year Low of 18.9% in August


The Greek seasonally adjusted unemployment rate dropped to 18.9 percent in August of 2018 from an upwardly revised 19.1 percent in the previous month, staying at its lowest level since August 2011.

Compared with the previous month, the number of unemployed declined by 0.9 percent to 896.6 thousand while the number of employed persons increased by 0.7 percent to 3.86 million.

A year ago, the jobless rate was recorded at 20.8 percent. The number of unemployed persons fell by 9.6 percent while employment rose by 2.3 percent.

Unemployment declined for most of the age groups but continues to hit more young people aged 15-24 years (36.8 percent from 40.4 percent in August 2017) and the 25-34 age group (24.2 percent from 26.6 percent). Lower rates were also observed in the 35-44 age group (17.1 percent from 18.9 percent); the 45-54 age group (15.8 percent from 16.5 percent); the 55-64 age group (14.8 percent from 17.2 percent) and the 65-74 age group (10.1 percent from 13.0 percent).

By genders, the unemployment rate was lower for men (15.0 percent from 17.4 percent) than for women (23.7 percent from 25.1 percent).

Across the country's regions, the lowest jobless rates were registered in Crete (12.8 percent), Aegean Islands (17.4 percent) and Thessaly – Sterea Ellas (18.6 percent). In contrast, Epirus-Western Macedonia recorded the highest rate (23.5 percent).


ELSTAT | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/8/2018 10:39:36 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-06 09:00 AM Unemployment Rate 19.1% 19.3% 19%
2018-10-11 09:00 AM Unemployment Rate 19% 19.1% 18.7%
2018-11-08 10:00 AM Unemployment Rate 18.9% 19.1% 18.5%
2018-12-06 10:00 AM Unemployment Rate 18.9% 18.4%


Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.90 19.10 27.90 7.30 percent [+]
Employed Persons 3860.66 3885.33 4658.20 3438.10 Thousand [+]
Unemployed Persons 895.87 877.10 1384.90 335.60 Thousand [+]
Part Time Employment 362.50 357.40 385.20 158.68 Thousand [+]
Full Time Employment 3497.90 3366.30 4383.59 3153.50 Thousand [+]
Employment Rate 81.17 81.58 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.70 14.50 19.90 3.60 percent [+]
Youth Unemployment Rate 36.80 37.90 60.30 20.00 percent [+]
Labour Costs 90.00 90.30 107.40 48.50 Index Points [+]
Job Vacancies 14466.00 14351.00 51613.00 2825.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.74 10.77 11.12 8.30 Million [+]
Retirement Age Women 67.00 67.00 67.00 57.00 [+]
Retirement Age Men 67.00 67.00 67.00 57.00 [+]
Labor Force Participation Rate 52.10 51.60 53.70 51.00 percent [+]
Living Wage Family 1070.00 1080.00 1080.00 1030.00 EUR/Month [+]
Living Wage Individual 595.00 600.00 600.00 555.00 EUR/Month [+]
Wages 1060.45 1073.07 1462.20 939.14 EUR/Month [+]
Wages High Skilled 1510.00 1590.00 1710.00 1510.00 EUR/Month [+]
Wages Low Skilled 717.00 868.00 913.00 717.00 EUR/Month [+]
Productivity 93.20 91.10 108.10 70.90 Index Points [+]
Employment Change 0.80 0.40 3.50 -2.70 percent [+]


Greece Unemployment Rate

In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18.90 19.10 27.90 7.30 1998 - 2018 percent Monthly
SA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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