Greece Unemployment September 2022


Greece: Unemployment rate decreases in September

November 3, 2022

September’s data pointed to an improvement in the labor market. The number of employed people increased by 43,487 compared with August, while the seasonally-adjusted unemployment rate decreased from August’s 12.1% to 11.8% in September.

Moreover, the number of unemployed people decreased by 8,449 compared to August. Meanwhile, the number of individuals outside the labor force decreased by 37,647 compared with August, representing a 1.2% drop.

FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 12.4% in 2023, which is up 0.1 percentage points from the previous month’s projection. For 2024, the panel sees the unemployment rate averaging 11.9%.

Author:, Junior Economist

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Greece Unemployment Chart

Greece Unemployment September 2022

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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