Unemployment eases to 11.2% in Q2 2023

The unemployment rate in Greece fell to 11.2 percent of the workforce in the second quarter of 2023, down from 12.4 percent over the corresponding trimester in 2022, and compared to 11.8 percent in the first quarter of 2023, the Hellenic Statistical Authority (EL.STAT) announced on Thursday.

The statistics service said the number of unemployed people in the country exceeded 533,000, down 3.1 percent from the previous quarter and down 9.9 percent from the same quarter in 2022.

Conversely, roughly 320,000 people, or 59.9 percent of total number of jobless people, are considered as long-term unemployed.

The unemployment rate in the 20-24 age group was 26.2 percent; 18.9 percent for the 25-29 group and 11.5 percent for the 30-44 age group.