Greece: Unemployment rate unchanged in November
February 8, 2018
The number of unemployed fell by 103 in November from the previous month and by 119,363 compared with November 2016, according to recent data released by the Hellenic Statistical Authority (EL.STAT).
The unemployment rate was unchanged from October’s revised 20.9% (previously reported: 20.8%). While the unemployment rate has fallen notably in past years, it is still well above the Eurozone average. Youth unemployment, in particular, is very high and in November the unemployment rate of Greeks between 15 and 24 came in at over 40%.
Greece Unemployment Forecast
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 19.9% in 2018. For 2019, the panel expects the unemployment rate to average 18.8%.