![Unemployment at 12.5% in May](https://www.ot.gr/wp-content/uploads/2021/09/ellada-krisi-oikonomia-anergia-suntagma-kosmos.jpeg)
Unemployment showed a decrease in May 2022, with the rate finally reaching 12.5%, according to recent data from the Hellenic Statistical Authority-ELSTAT.
• The seasonally adjusted unemployment rate in May 2022 amounted to 12.5% compared to 15.6% in May 2021 and to the upwards revised 12.6% in April 2022.
• The number of employed persons amounted to 4,170,361 persons increasing by 228,355 persons as compared with May 2021 (+5.8%) and by 53,362 persons compared with April 2022 (+1.3%).
• The number of unemployed persons amounted to 596,056 decreasing by 130,016 persons as compared with May 2021 (-17.9%) and increased by 4,495 persons compared with April 2022 (+0.8%).
• The number of persons outside the labour force, i.e., persons under the age of 75, that neither work nor look for a job, amounted to 3,067,657, decreasing by 127,661 persons as compared with May 2021 (-4.0%) and by 60,520 persons compared with April 2022 (-1.9%).
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Giannis Antetokounmpo Invests in AI Video Production Platform](https://www.ot.gr/wp-content/uploads/2023/02/giannis-antetokounmpo-600x337.jpg)
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
![Greece’s Industrial Production Rises 5.8% in December](https://www.ot.gr/wp-content/uploads/2025/02/Industrial-production.jpg)
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Study Shows Athens Traffic Congestion Up](https://www.ot.gr/wp-content/uploads/2023/09/traffic-332857_1280-600x400.jpg)
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
![Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T223323Z_1406125441_RC24JBAKMTGM_RTRMADP_5_ELON-MUSK-JP-MORGAN-600x389.jpg)
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Make Europe Great Again in Madrid](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-08T125319Z_1806997237_RC2CQCA44ZAR_RTRMADP_5_SPAIN-POLITICS-FAR-RIGHT-scaled-1-600x400.jpg)
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
![Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-03T091846Z_527357669_RC2VIG9S7Z9U_RTRMADP_5_GREECE-QUAKE-SANTORINI_med-600x400.jpg)
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
![Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T140924Z_1597045385_RC2QPCAWU2HK_RTRMADP_5_GREECE-QUAKE-SANTORINI-CONSTRUCTION-scaled-1-600x450.jpg)
Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity
Ongoing earthquakes rattle Greece's Cycladic islands, but experts believe activity may be slowing.
![Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report](https://www.ot.gr/wp-content/uploads/2025/02/sant-600x352.png)
Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report
The areas directly affected by the tremors account for approximately 4% of both the country's annual tourism revenues and the total annual turnover in the accommodation and food service sectors
![Greek Trade Deficit Surges to €34.6 Billion in 2024 Amid Export Decline](https://www.ot.gr/wp-content/uploads/2025/02/Greek-trade-deficit-600x400.jpeg)
Greek Trade Deficit Surges to €34.6 Billion in 2024 Amid Export Decline
Conversely, numbers indicate that exports declined, totaling to 49.90 billion euros in 2024, down from 51.02 billion euros in 2023 marking a 2.2% decrease.
![Culture Ministry Takes Action to Protect Santorini’s Antiquities](https://www.ot.gr/wp-content/uploads/2025/02/h0580224-600x406.jpg)
Culture Ministry Takes Action to Protect Santorini’s Antiquities
So far, no damage has been reported to the island’s cultural heritage, with exhibits already safeguarded. Meanwhile, the Greek Ministry of Culture held an emergency meeting on February 6.