Greece Unemployment

Greece

Greece: Unemployment rate edges down in February

May 11, 2015

The number of unemployed fell by 15,097 in February, according to the Hellenic Statistical Authority (EL.STAT.). February’s fall marked a large drop over January’s 14,487 decrease.

The unemployment rate inched down from 25.6% in January to 25.4% in February. The reading was below that of the same month last year (February 2014: 27.2%). Despite the improvements registered in recent months, Greece’s unemployment rate is still well above the Eurozone average.

FocusEconomics Consensus Forecast panelists expect unemployment to average 25.3% in 2015. For 2016, the panel expects the unemployment rate to average 23.5%.


Author: Angela Bouzanis, Senior Economist

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Greece Unemployment Chart


Greece Unemployment February 2015

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


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