Unemployment in Greece reached 26% in December

Unemployment in Greece reached 26% in December

Athens, March 6, 2015/ Independent Balkan News Agency

By Spiros Sideris

Unemployment in Greece persists, as the rate stood at 26% last December and even thought it dropped compared to the 27.3% in December 2013, it increased – even slightly – compared to the 25.9% in November 2014.

The number of unemployed amounted to 1,233,404 people, while specifically to young people up to 24 years of age, the unemployment rate remains above 50% (was 51.2%) and in the most productive age of 25- 34 years is 35%. At the same time, there was an increase in unemployment in the age group 45- 54 years, but also in the region of Crete.

From the monthly labour force survey of the Hellenic Statistical Authority (ELSTAT), the following also occurs:

The number of unemployed decreased by 76,053 persons compared to December 2013 (reduction 5.8%) and by 296 persons compared to November 2014 (zero percentage change).

The number of employed was estimated at 3,505,569 people. The workforce increased by 17,972 persons compared to December 2013 (0.5% increase) and decreased by 24,453 persons compared to November 2014 (down by 0.7%).

The economically inactive (people who are not working or looking for work) amounted to 3,371,756 persons and increased by 252 persons compared to December 2013 (zero percent change) and by 20,425 persons compared with November 2014 (an increase of 0,6%).

In women, the rate of unemployment (29.3% in December 2014 from 30.8% in December 2013) remains significantly higher than in men (23.4% from 24.5%).

Age-wise, the highest rates recorded in 15-24 years group (51.2% in December 2014 from 56.2% in December 2013) and 25-34 years (35% from 36.3%), followed by the age group 35- 44 years (22.5% from 24%), 45- 54 years (20.9% from 20.6%), 55- 64 years (16.4% from 17.5%) and 65- 74 years (unchanged at 10.6%).

At the level of decentralised administrations of the country, the top three are Makedonia- Thrace (27.3% in December 2014 from 29.2% in December 2013), Attica (27.3% from 28.3%) and Epirus – Western Macedonia (26.8% from 29.8%). They are closely followed by Thessaly Central Greece (26.2% from 26.4%), Peloponnisos- Western Greece-Ionian Islands (25.5% from 26.4%), Crete (24.3% from 23.8 %) and the Aegean (19% from 21.8%).