Unemployment rate in Greece at 16.5% in November

Unemployment rate in Greece at 16.5% in November

A marginal decrease in both employment and unemployment rates was recorded last November.

Data released by the Hellenic Statistical Authority show that unemployment declined from 18.6% in November 2018 to 16.5% in November 2019, which is marginally lower than 16.6% from last year’s October.

According to ELSTAT data, the unemployed accounted for 772,614 citizens, that is, 104,254 fewer compared to November 2018 (-11.9%) and 8,701 compared to October 2019 (-1.1%).

As for the whole body of employees, they amount to 3,910,499 people, 76,463 more than in November 2018 (+ 2.0%) but also 6,990 fewer than in October 2019 (-0.2%).

The economically inactive (i.e. those who are neither working nor looking for a job) were counted 3,230,427 with the number dropping by 18,648 compared to November 2018 (-0.6%), but up by 11,835 individuals compared to October 2019 (+ 0.4%).

Young men and women at the top

For women, the unemployment rate (20.0% in November 2019 from November 2018’s 23.9%) remains significantly higher than that of men (13.7% from 14.4%).

By age, the highest rates were recorded in the age groups 15-24 (36.1% in November 2019 from 39.7% in November 2018) and 25-34 (22.6% from 23.9%). The age groups 35-44 (14.3% from 16.6%), 45-54 years (13.1% from 15.3%), 55-64 (12.2% from 14.1%) and 65-74 (10% of 11.8%) follow.

At the level of decentralized administrations, Epirus – Western Macedonia (19.7% in November 2019 from 21.2% in November 2018), Macedonia – Thrace (18.7% from 19.3%) and Thessaly – Central Greece (17.4% from 17.9%) tied with the Aegean region take the three first spots (17.4% from 19.7%). Next come the region of Peloponnesus – Western Greece – Ionian Islands (16.6% from 18.4%), Attica (15.3% from 19%) and Crete (12.7% from 14.3%). /ibna