Greece: Unemployment drops to 18.9% in August

Greece: Unemployment drops to 18.9% in August
At 18.9% stood the unemployment rate in Greece this August, due to the large increase in tourism, compared to 20.8% in August last year and 19.1% (revised upwards) in July this year. The registered unemployed were 896,588 persons, while the drop in the unemployment rate is also significant for young people up to 24 years of age, with the figure at 36.8%.

According to the Greek Statistical Authority, the unemployed decreased by 95,760 persons compared to August 2017 (9,6% reduction) and by 7,886 compared to July 2018 (a decrease of 0.9% ).

The total number of employees is estimated at 3,858,189 persons, up by 85,997 persons compared to August 2017 (increase of 2,3%) and by 25,249 persons compared to July 2018 (increase of 0,7%).

Women unemployment rate fell at 23.7% (from 25.1% in August 2017), but still remains significantly higher than that for men (15% from 17.4%).

Youth unemployment still high

With regard to age, the highest percentages are recorded in the 15-24 age group (36.8% in August this year from 40.4% in August last year) and the 25-34 age group (24.2% from 26.6%). This is followed by ages 35-44 (17.1% from 18.9%), 45- 54 years (15.8% from 16.5%), 55-64 years (14.8% from 17.2%) and 65-74 years old (10.1% from 13%).

Epirus and Western Macedonia "champions" in unemployment

At the level of the decentralised administrations of the country, the highest unemployment rates are recorded in Epirus - Western Macedonia (23.5% in August 2018 from 26.1% in August 2017), Attica (19.7% from 21.3%) and Macedonia-Thrace (19.5% from 21.5%), followed by Peloponnese - Western Greece - Ionian Islands (18.8% from 21.1%), Thessaly - Sterea Hellas (18.6% from 19.8%), the Aegean (17.4% from 17.6%), and Crete (12.8% from 15.9%)./IBNA

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