Unemployment rose to 15% in June 2021, according to revised data from the Hellenic Statistical Authority.
The seasonally adjusted unemployment rate in June 2021 amounted to 15.0% compared to the upward adjusted 17.8% in June 2020 and the downward corrected 15.8% in May 2021.
Those employed amounted to 3,981,468 people, recording an increase of 181,470 people compared to June 2020 (+ 4.8%) and 64,281 people compared to May 2021 (+ 1.6%).
The unemployed amounted to 700,990 people, recording a decrease of 123,187 people compared to June 2020 (-14.9%) and 32,189 people compared to May 2021 (-4.4%).
The number of people not included in the workforce, or “people outside the workforce”, ie people who are not working or looking for work, amounted to 3,181,032, a decrease of 89,872 people compared to June 2020 (-2, 7%) and by 33,431 people compared to May 2021 (-1.0%).
It is worth noting that the monthly estimates are subject to revisions, due to the updating of the seasonally corrected time series each time new monthly data are added, as well as to the updating the seasonality model with complete annual data, according to ELSTAT.
Also, the initial estimates of the unemployment rate for each last month can be revised, because they are produced with the data collected and processed at the time of publication of the press release, which do not coincide with the data finally collected and processed, according to Monthly estimates are reviewed when the final quarterly estimates become known.
Latest News
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
IOBE: Income Gap Between Poor and Wealthy Greeks Widens
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing
Study Finds 4 in 10 Greeks to Slash Easter Spending
This year, hit by persistent inflation, many Greeks will be dishing out less on food, drink and gifts for Orthodox Easter on May 5
ELSTAT: Overnight Stays in Greece Up in Feb.
The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685
Electric Energy: Greece’s New Sustainable Export
Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy