Eurostat: Unemployment in Greece drops to 10.8% in May 2023; still second highest in eurozone

Greece remained in unenviable second place in terms of eurozone member-states’ unemployment, behind Spain, although the figure for May 2023 was down by 0.5 percentage points compared to the previous month, April 2023, totaling 10.8 percent.

The downward trend shows a 1.9-percentage point decrease from the corresponding month of 2022, when unemployment a year ago reached 12.7 percent, according to Eurostat.

Joblessness also fell throughout the Eurozone, as a whole, totaling 6.5 percent in May 2023, compared to 6.7 percent in April 2023. The figure was the same for May 2022.

Spain’s unemployment figure for May 2023 reached 12.7 percent. The lowest jobless rates were posted by the Czech Republic and Malta, 2.4 and 2.8 percent, respectively.

The same “one-two” spots were reported for unemployment of young people, ie Spain and Greece. Specifically for the latter, the jobless rate for young adults in Greece for May 2023 reached 24 percent; 28.3 percent a month earlier, and 32.7 percent in the corresponding month of 2022.