Thursday , June 1 2023
Home / News / Economy / Greek unemployment falls to 16.95% in July from 19.1% a year earlier

Greek unemployment falls to 16.95% in July from 19.1% a year earlier

The unemployment rate in Greece fell to 16.95 in July, from 19.1% in July 2018 and 17.1% in June 2019, Greek Statistics Authority ELSTAT said on Thursday.

ELSTAT said in its monthly report that the number of unemployed people totaled 797,218 in July, down 109,577 from July 2018 (a decline of 12.1 pct) and fell by 11,405 compared with June 2019 (a decline of 1.4 pct).

The number of employed people is estimated at 3,909,261, up 1.5 pct from July 2018 and down 0.3 pct from June 2019.

The unemployment rate among women was 21 pct in July, from 24 pct in July 2018, while among men it fell to 13.7 pct from 15.1 pct, respectively.

The unemployment rate in the 15-24 age group fell to 32.9% in July from 37.8% in July last year. In the 25-34 age group, it fell to 22.8 pct from 24.2 pct; in the 35-44 age group, it fell to 14.3 pct from 17.3 pct; in the 45-54 age group, it fell to 14.3 pct from 16 pct; in the 55-64 age group, it fell to 14.2 pct from 14.9 pct; and in the 65-74 age group it fell to 9.3 pct from 12.7 pct.

Among the country’s regions, Epirus-West Macedonia recorded the highest unemployment rate (20.3 pct from 23.1 pct in July last year), followed by Macedonia-Thrace (18.9 pct from 19.4 pct), Peloponnese-Western Greece-Ionian Islands (17.4 pct from 18.9 pct), Thessaly-Central Greece (16.9 pct from 18.7 pct), Attica (16.8 pct from 19.7 pct), Aegean (14.7 pct from 18 pct) and Crete (9.9 pct from 12.7 pct).

PS Traditionally, unemployment rates fall during the summer months due to seasonal jobs in agriculture and tourism.

Check Also

EU Commission: Fiscal policy recommendations for Greece

Greece continues to experience excessive imbalances but its vulnerabilities appear to be receding due to …