Greece Unemployment March 2016


Greece: Unemployment rate edges down in March

June 9, 2016

The number of unemployed fell by 4,609 in March, according to the Hellenic Statistical Authority (EL.STAT.). The result was a smaller fall than the 7,605 decrease observed in February.

The unemployment rate barely fell in March, edging down from February’s 24.2% to 24.1%. March’s figure was below that of the same month last year (March 2015: 25.7%). Despite the improvements registered over the past year, Greece’s unemployment rate is still well above the Eurozone average.

FocusEconomics Consensus Forecast panelists expect unemployment to average 24.6% in 2016. For 2017, the panel expects the unemployment rate to average 24.1%.

Author: Angela Bouzanis, Senior Economist

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Greece Unemployment Chart

Greece Unemployment March 2016

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

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