Greece Unemployment June 2022

Greece

Greece: Unemployment rate declines for a sixth consecutive month in June

August 10, 2022

June’s data pointed to a large improvement in the labor market. The number of employed people increased by 12,020 compared to May, while the seasonally-adjusted unemployment rate inched down from May’s 12.5% to 12.1% in June. Moreover, the number of unemployed decreased by 17,233 from May to June amid higher employment and a lower labor force participation. In fact, the number of people outside the labor force increased by 2,560 people compared with May, representing a 0.1% rise.

FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 12.9% in 2022, which is unchanged from the previous month’s projection. For 2023, the panel sees the unemployment rate averaging 12.3%.


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Greece Unemployment Chart


Greece Unemployment June 2022 0

Note: Month-on-month variation of unemployed people in thousands and unemployment rate in %.
Source: Hellenic Statistical Authority (ELSTAT) and FocusEconomics calculations.


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