Unemployment in Greece
Greece - Unemployment
Unemployment declines in June
The number of unemployed workers decreased by 32,189 in June compared to May, while the seasonally-adjusted unemployment rate dropped to 15.0% from May’s downward revised 15.8% (previously reported: 15.9%). Moreover, the print was below June 2020’s upward revised print of 17.8% (previously reported: 16.5%).
Greece’s unemployment rate had been falling steadily, since peaking at around 28% in the summer of 2013, until the Covid-19 pandemic struck. Although the unemployment rate has started to decline, it is expected to rise above its current levels by year-end. Meanwhile, the possibility of tighter Covid-19 restrictions, in light of the spread of more infectious Covid-19 variants, clouds the outlook for the labor market.
Lastly, meanwhile, youth unemployment—categorized by individuals between the ages of 15–24—dropped to 28.3% in June, following May’s 33.1%.
FocusEconomics Consensus Forecast panelists expect the unemployment rate to average 16.5% in 2021, which is down 0.2 percentage points from the previous month’s projection. For 2022, the panel sees the unemployment rate averaging 15.6%.
Greece - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Greece Unemployment Chart
Source: National Statistical Service.
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September 10, 2021
Industrial output rose 7.8% year-on-year in working-day adjusted terms in July, which followed June's 8.9% increase.
September 7, 2021
GDP bounced back solidly, growing 16.2% in Q2 and contrasting the 2.3% contraction tallied in the first quarter, as the easing Covid-19 restrictions spurred activity.
September 1, 2021
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 59.3 above July’s 57.4 marking the highest reading since April 2000.
August 12, 2021
The number of unemployed workers decreased by 32,189 in June compared to May, while the seasonally-adjusted unemployment rate dropped to 15.0% from May’s downward revised 15.8% (previously reported: 15.9%).
August 9, 2021
Industrial output expanded 8.8% year-on-year in June, which was a deterioration from May's 14.1% increase.