Greek unemployment down by 2 points in March

Greek unemployment down by 2 points in March

Two percent of the country's unemployment rate dropped in March this year, standing at 20.1%, compared with 22.1% in March last year and revised down 20.6% in February 2018.

According to the research on working staff by the Greek Statistical Authority (ELSTAT), the unemployed amounted to 956,260 people and fell by 101,576 compared to March 2017 (9.6% decrease) and by 14,591 persons compared to February 2018 1.5%).

The total number of employees is estimated at 3,793,934 and the number of employees increased by 74,890 compared to March 2017 (increase of 2%) and by 47,085 compared to February 2018 (increase of 1,3%).

The economically inactive (non-working and job seekers) amounted to 3,236,664 and fell by 8,567 compared to March 2017 (down 0.3%) and by 35,972 compared to February 2018 1.1%).

For women, the unemployment rate (25% in March 2018 from 26.8% in March 2017) remains significantly higher than that for men (16.3% from 18.5%).

Age wise, the highest rate is recorded in the 15-24 age group (43.2% in March 2018 from 45.2% in March 2017) and 24-34 years (24.7% from 28.7%). Followed by ages 35-44 (18.3% from 19.1%), 45- 54 years (16.4% from 17.3%), 55-64 years (16.4% from 19.3%) and 65-74 years old (11.8% from 10.9%).

At the level of the decentralised administrations of the country, Epirus - Western Macedonia (25% in March 2018 from 27.7% in March 2017), Attica (20.8% from 21.7%) and Peloponnese- Western Greece - Ionian Islands (20.4% from 22.4%). Followed by Macedonia-Thrace (20% from 22.6%), Thessaly - Central Greece (19% from 21.8%), the Aegean (18.6% from 19.2%) and Crete % from 21.5%).... / IBNA

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