Greece Unemployment


Greece: Unemployment rate remains broadly unchanged in March

June 4, 2015

The number of unemployed fell by 4,283 in March, according to the Hellenic Statistical Authority (EL.STAT.). March’s fall marked a smaller drop over February’s 9,176 decrease.

The unemployment rate remained broadly unchanged in March at February’s 25.6%. The reading was below that of the same month last year (March 2014: 26.9%). 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 March 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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