Unemployment reached 17.1% in the first quarter of 2021, according to data from the Hellenic Statistical Authority.
The unemployment rate in the previous quarter (Q4 2020) and in the corresponding quarter of the previous year (Q1 2020) was 16.2%.
The number of employees amounted to 3,625,061, persons showing a decrease of 6.5%, compared to the previous quarter and 5.9%, compared to the corresponding quarter of the previous year. It is worth noting that according to the guidelines of the European Statistical Office (Eurostat) for Labor Force Survey in the Member States, due to the coronavirus pandemic (COVID-19), those who are suspended are still considered employed, if the duration of the suspension is less than 3 months or if they receive more than 50% of their salary.
Also, the number of unemployed amounted to 745,414 people, showing a decrease of 0.6% compared to the previous quarter while compared to the corresponding quarter of the previous year there is no significant change. The unemployment rate in the first quarter of 2021 amounted to 17.1%. The unemployment rate in the previous quarter (Q4 2020) and in the corresponding quarter of the previous year (Q1 2020) was 16.2%.
The number of people not included in the workforce, or “people outside the workforce”, ie people who are not working or looking for work, amounted to 4,700,344 people. In particular, the number of people out of the workforce under the age of 75 amounted to 3,507,973 people. Their percentage increased by 7.7% compared to the previous quarter and by 5.9% compared to the corresponding quarter of the previous year.
Surveys show that absenteeism has decreased, while working hours have remained at about the same level as in the fourth quarter of 2020. Also, people who were not working but looking for work and stated that they were not immediately available remained at the same level as in the fourth quarter of 2020.
The survey data show that, compared to the fourth quarter of 2020, absenteeism decreased mainly in the sectors of industry and energy, trade, hotels, restaurants, transport and communications, as well as in the field of finance and business activities. Working hours decreased slightly in agriculture, forestry, and fisheries and slightly increased in trade, hotels, restaurants, transport, and communications.
The highest unemployment rates are observed among women, people up to 24 years old, in the Region of Central Greece and people who have completed up to a few primary school grades. The highest percentage of the active workforce is observed in men, people aged 30-44, in the South Aegean Region, people who have completed higher education and people of foreign nationality
Latest News
Fraport: Greece’s Regional Airports See 5.9% June Surge
Overall, during the first half of 2024, Fraport Greece's airports achieved remarkable results, handling more than 12.7 million passengers, a 7.8% increase compared to 2023.
SFEE: Just 1 in 5 New Pharmaceutical Drugs Reach Greece
Greece spends 70% less than the European average on pharmaceuticals, and Greek patients face significant challenges accessing pharmaceutical drugs and treatments that are available in the country
Attica Bank: Merger Process With Pancreta Commences
A relevant announcement said the merger with Pancreta is expected to be completed by mid September
Crete’s Heraklion Port Concession Deal Approved
Owner of Minoan Lines Grimaldi Group acquired a 67% share of the port for a total price of 80 million euros
Santorini Warning of Cruise Passenger Influx Causes Uproar
A Santorini councilman urged locals to stay put and limit their activities during the arrival of cruise ships due to overtourism
European Commission Approves Fourth 2.3 Billion Loan Payment to Greece Under RRF
The Commission's preliminary assessment of Greece's request, completed on June 14, 2024, was positive, reflecting Greece's successful implementation of its recovery and resilience plan
Greek Tourism: Projects Shaping the Landscape
In Vonitsa, Aetolia-Acarnania, the Varko Bay resort is emerging as the first ultra-luxury retreat by Banyan Tree in Europe
Greece: New Draft Bill to Facilitate Property Transactions
Streamlined process envisioned in draft law aims to cut 'red tape' in real estate transactions, including parental transfers of property to offspring
Eurostat: Greece’s Airbnb Bookings Surge 28.7% in Q4 2023
Greece's growth in short-term bookings in Q4 2023 on platforms like Airbnb outpaced the EU average, recording a 28.7% increase compared to Q4 2022, higher than the EU's average growth of 22.7%
FinMin: Only One Investor Expressed Interest in Attica Bank
Economy and Finance Minister Kostis Hatzidakis added: If deal for Attica Bank, Pancreta Bank falls through then both institutions risk collapse