The seasonally adjusted unemployment rate in Greece remained unchanged in November 2023, reaching 9.4%, according to the Hellenic Statistical Authority (ELSTAT).
Employed individuals totaled 4,161,930, reflecting an increase of 12,025 workers compared to November 2022 (0.3%) and a decrease of 87,722 individuals compared to October 2023 (2.1%).
The number of unemployed stood at 429,806, indicating a fall of 130,997 individuals compared to November 2022 (23.4%) and a decrease of 12,156 individuals compared to October 2023 (2.8%).
Outside the labor force – individuals below 75 years old who are not part of the workforce, or “people outside the labor force,”- amounted to 3,198,315, marking an increase of 91,820 individuals compared to November 2022 (3.0%) and an increase of 97,602 individuals compared to October 2023 (3.1%).
It should be noted that according to ELSTAT, monthly estimates are subject to revisions due to the updating of seasonally adjusted time series whenever new monthly data is added, as well as updates to the seasonal adjustment model with complete annual data.
In addition, initial estimates of the unemployment rate for the last month may be revised as they are generated with collected and processed data at the time of the announcement, which may not align with the final collected and processed data. Monthly estimates are revised when the final quarterly estimates become available.
Source: tovima.com
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