Greece Unemployment November 2017

Greece

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%.


Author: Angela Bouzanis, Senior Economist

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Greece Unemployment Chart


Greece Unemployment November 2017

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


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