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%).
Latest News
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'