The jobless rate in Greece fell shy of 2 percentage points in August this year, settling at 9.5%, compared to the revised 11.4% rate for the same month in 2023, according to a Tuesday press release by the country’s statistical authority, ELSTAT.
The female unemployment rate continued to outstrip that of males, reaching 11.6% against 7.7%, while youth unemployment remains high, as people in the 15 to 24 age group recorded the highest rate at 19.4%. The lowest jobless rate at 8.9% was recorded in the 25-74 age group.
The number of employed individuals reached 4,252,488, marking an increase of 103,054 people compared to August 2023 (2.5%) and an increase of 30,064 people compared to July 2024 (0.7%).
The total number of individuals without work in the country amounted to 444,402, marking a decrease of 90,496 persons in comparison with August 2023.
The number of people under the age of 75 who are not included in the labor force, or “persons outside the labor force,” meaning individuals who neither work nor seek employment, amounted to 3,076,851.
Meanwhile, according to the report, the jobless rate in Greece dropped below the 10% threshold in the second quarter of 2024, with the number of unemployed people over the period reaching 467,619, an 18.6% decrease compared to the previous quarter.
Source: tovima.com
Latest News
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'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
Yannis Vardinoyannis Assumes Post of Motor Oil Board President
He succeeds his father, Vardis, who passed away last week at the age of 91
PM Mitsotakis to Bloomberg: Our Majority Is Stable, Elections To Be Held in 2027
"The government has a solid 2.5-year mandate from the people to implement its policies," Mitsotakis stated
Greek Economy Shows Resilience, Consumer Confidence Remains a Challenge
Therefore, there is need for policy interventions in order to boost demand, stabilize the labor market and support industrial production