Greece: Unemployment rate at 16.3% in December

Greece: Unemployment rate at 16.3% in December

Unemployment rate in Greece continues to drop. According to official figures provided by the Greek Statistical Authority, the unemployment rate in the country was recorded at 16.3% last December, against 18.5% in December 2018 and 16.5% in November last year.

According to the ELSTAT Labor Force Survey, the unemployed amounted to 758,886 people, down by 114,584 in December 2018 (13.1% decline) and 12,274 in November 2019 (1.6% decline).

The total number of employees is estimated to be 3,898,007. Employees increased by 53,160 persons compared to December 2018 (1.4% increase) and decreased by 6,340 persons compared to November 2019 (decrease of 0.2%).

The economically inactive (unemployed or job seekers) amounted to 3,252,811 persons and increased by 14,796 persons compared to December 2018 (0.5% increase) and by 14,778 persons compared to November 2019 (increase 0.5%).

Young men and women top the charts

For women, the unemployment rate (20.2% in December 2019 from 23.5% in December 2018) remains significantly higher than that for men (13.2% from 14.6%).

By age, the highest rates were recorded between the ages of 15-24 (34.7% in December 2019 from 39.4% in December 2018) and 25-34 (22.2% from 24.4%). Behind them are the age groups of 35-44 years old (15% from 16.3%), 45-54 years old (12.9% from 15.1%), 55-64 years old (12.3% from 14.4%) and 65-74 years old (8.7% from 9.8%).

At the level of decentralized administrations of the country, the regions of Epirus-Western Macedonia (19.8% in December 2019 from 21.2% in December 2018), Macedonia-Thrace (18.4% from 18.9%) and Thessaly-Central Greece (17.3% to 19%) occupy the top three spots. Behind them are the Peloponnese – Western Greece – Ionian Islands (16.1% from 18.6%), Attica (16.1% from 18.8%), the Aegean (13.7% from 20.6%) and Crete (11.3% from 9.7%). /ibna