Greece: Unemployment rate dips in June
September 10, 2018
According to data released by the Hellenic Statistical Authority (EL.STAT), the number of unemployed workers fell by 12,624 in June compared with May, while those in employment rose by 17,656 in the same period. In turn, the seasonally-adjusted unemployment rate moderated to 19.1% from a revised 19.3% in the previous month (previously reported: 19.5%). Moreover, June’s unemployment rate was 2.2 percentage points lower compared to the same month of last year (June 2017: 21.3%). Meanwhile, youth unemployment—categorized by individuals between the ages of 15-24—inched down slightly to 39.1% in June, although still the highest in the Eurozone by far.FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 19.9% in 2018. For 2019, the panel expects the unemployment rate to average 18.6%.
Author: Almanas Stanapedis, Economist