Unemployment rate in Greece “fell” to 18.1%

Unemployment rate in Greece “fell” to 18.1%

At 18.1%, the unemployment rate in the country decreased even further in March this year, down by 2.1 points from 20.2% in March 2018, and by 0.3 points from 18.4% in February 2019.

According to the ELSTAT Labour Force Survey, the number of unemployed persons stood at 849,811 and fell by 103,615 compared to March 2018 (decrease of 10.9%) and by 14,766 compared to February 2019 (decrease of 1.7 %).

The total number of employees is estimated at 3,848,269 people. The number of employees increased by 77,947 compared to March 2018 (increase of 2.1%) and by 8,961 persons compared to February 2019 (increase of 0.2%).

The economically inactive (those who do not work nor seek work) amounted to 3,246,729 people and fell by 16,246 compared to March 2018 (decrease of 0.5%), while they increased by 1,825 compared to February 2019 (0.1% increase).

For women, the unemployment rate (22.8% in March 2019 from 25% in March 2018) continues to move at a much higher level than that of men (14.4% from 16.4%).

By age

By age, the highest unemployment rate is recorded among 15-24 year olds (40.4% in March this year from 41.7% in March last year) and 25-34 year olds (24.3% from 24.6%). The age groups of 35-44 (16.1% from 18.5%), 45-54 (14.2% from 16.6%), 55-64 (14.1% from 16%) and 65-74 (8.6% from 12.3%) follow.

According to the decentralized administrations of the country, in the top three positions are Epirus-Western Macedonia (20.9% in March 2019 from 24.3% in March 2018), Macedonia-Thrace (18.8% from 20%) and Peloponnese-Western Greece-Ionian Islands (18.6% from 19.8%). The rest of the regions follow thus: Thessaly-Central Greece (18.1% from 18.8%), Attica (17.8% from 20.9%), Aegean (17.7% from 18.8%) and Crete (13.4% from 16.7%)./ibna