Greece Unemployment June 2018

Greece

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:, Economist

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Greece Unemployment Chart


Greece Unemployment June 2018 0

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


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