Unemployment in Greece at 18.6% in October

Unemployment in Greece at 18.6% in October

A new year-on-year fall, to 18.6% in October 2018 from 21% in October 2017, saw unemployment in Greece, although the rate remained unchanged compared to September 2018.

According to the Greek Statistical Authority, the number of unemployed persons was 875,997 and fell by 122,090 compared to October 2017 (down 12.2%) and by 11,374 compared to September 2018 (a decrease of 1.3%).

The total number of employees is estimated at 3,843,979 persons. The employees increased by 78,040 compared to October 2017 (2.1% increase) and dropped by 30,283 compared to September (0.8% decrease).

The economically inactive (non-working and job seekers) amounted to 3,243,079 and rose by 5,074 compared to October 2017 (an increase of 0.2%) and by 38,414 compared to September 2018 (an increase of 1.2%).

Youth and women higher on the list

For women, the unemployment rate (23.1% in October 2018 from 25.8% in October 2017) remains significantly higher than that for men (15% from 17.1%).

With regard to age, the highest rates are recorded in the 15-24 age group (38.5% in October 2018 from 41.3% in October 2017) and 25-34 age group (23.9% from 26%), followed by the age groups 35-44 (16.6% from 19.2%), 45-54 (15.1% from 16.9%), 55-64 (14% from 17.3%) and 65 – 74 (11.6% from 12.3%).

Regions

At the level of decentralized administrations, in the first three places in the country are the regions of Epirus – Western Macedonia (22.2% in October 2018 from 26.1% in October 2017), Attica (19.2% from 21.5%) and Macedonia-Thrace (19% from 21.5%), followed by Peloponnese-Western Greece-Ionian  Islands (18.7% from 21.8%), the Aegean (18.6% from 18.3%), Thessaly-Sterea Ellada (18.3% from 19.6% ) and Crete (10.9% from 15.4%)./IBNA