Greek youth unemployment at nearly 50%

Screen Shot 2016 09 09 at 9 Fotor


Greek unemployment rate eased to 23.4 pct of the workforce in June, from 23.6 pct in May and 24.9 pct in June 2015, with the number of unemployed people in the country totalling 1,124,541, Hellenic Statistical Authority said on Thursday.

The statistics service, in a monthly report, said that the number of unemployed people fell by 73,477 in June compared with the June last year (a decline of 6.1 pct) and by 6,722 compared with May 2016 (a decline of 0.6 pct).

The number of employed people totalled 3,674,957 in June, up 1.7 pct from June last year and 0.4 pct compared with May 2016.

The economically non-active population in the country (not working or not seeking job) totaled 3,249,057, down 0.8 pct from June 2015 and down 0.3 pct from May.

The unemployment rate among women was 27.8 pct in June (28.8 pct in June 2015), while among men the rate was 19.8 pct (21.8 pct in June).

Young people, aged 15-24, recorded the highest unemployment rate (47.7 pct in June from 48.2 pct last year), followed by the 25-34 age group (29.5 pct from 31.7 pct), the 35-44 age group (19.5 pct from 22.8 pct), the 45-54 age group (19.4 pct from 19.7 pct), the 55-64 age group (19.3 pct from 16.5 pct) and the 65-74 age group (12.4 pct from 12.3 pct).

Among the country's regions, Epirus-Western Macedonia recorded the highest unemployment rate (26.8 pct in June from 27.1 pct in June 2015), followed by Thessaly-Central Greece (25.8 pc from 26.3 pct), Peloponese-Western Greece-Ionian Islands (23.8 pct from 25.1 pct), Macedonia-Thrace (23.1 pct from 25.3 pct), Attica (22.3 pct from 24.8 pct), Crete (22.3 pct from 24.2 pct) and Aegean (18.8 pct from 17.8 pct).

GCT Team

This article was researched and written by a GCT team member.