Greek unemployment at 26.6%

Greek unemployment at 26.6%

Athens, June 12, 2015/ Independent Balkan News Agency

By Spiros Sideris

At 26.6% rose the unemployment rate in the first quarter from 26.1% in the fourth quarter last year, according to non-seasonally adjusted data released today by the Greek Statistical Authority (ELSTAT).

The highest unemployment rate on a quarterly basis, was recorded in the first quarter of 2014, at 27.8%.

In total, the unemployed amounted to 1,272,541 persons, with approximately 71.6% of them being long-term unemployed, ie looking for work for over 12 months. The number of unemployed increased by 2.1% compared to the previous quarter and decreased by 5.2% compared to the first quarter of 2014.

The number of employees decreased by 0.9% compared to the previous quarter.

The data of ELSTAT that the female unemployment rate (30.6%) is significantly higher than that of the men (23.5%). The highest unemployment rate is among young people aged 15-24 (51.9%), of which young women’s reaches 57.0%.

At a regional level, the highest unemployment rate is in Western Greece and Western Macedonia with 29.0%, and the Ionian Islands with 28.9%. In contrast, the lowest unemployment rate is at the North Aegean with 20.2% and in the Peloponnese with 23.9%.