Greece Unemployment June 2016

Greece

Greece: Unemployment rate falls slightly in June

September 8, 2016

The number of unemployed fell by 6,800 in June, according to the Hellenic Statistical Authority (EL.STAT.). The result contrasted the 3,200 rise in unemployed seen in May.

The unemployment rate decreased slightly from May’s 23.6% to 23.4% in June. June’s figure was below that of the same month last year (June 2015: 24.9%). 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 24.3% in 2016. For 2017, the panel expects the unemployment rate to average 23.8%.


Author: Angela Bouzanis, Senior Economist

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Greece Unemployment Chart


Greece Unemployment June 2016 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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