The jobless rate in Greece fell shy of 2 percentage points in August this year, settling at 9.5%, compared to the revised 11.4% rate for the same month in 2023, according to a Tuesday press release by the country’s statistical authority, ELSTAT.
The female unemployment rate continued to outstrip that of males, reaching 11.6% against 7.7%, while youth unemployment remains high, as people in the 15 to 24 age group recorded the highest rate at 19.4%. The lowest jobless rate at 8.9% was recorded in the 25-74 age group.
The number of employed individuals reached 4,252,488, marking an increase of 103,054 people compared to August 2023 (2.5%) and an increase of 30,064 people compared to July 2024 (0.7%).
The total number of individuals without work in the country amounted to 444,402, marking a decrease of 90,496 persons in comparison with August 2023.
The number of people under the age of 75 who are not included in the labor force, or “persons outside the labor force,” meaning individuals who neither work nor seek employment, amounted to 3,076,851.
Meanwhile, according to the report, the jobless rate in Greece dropped below the 10% threshold in the second quarter of 2024, with the number of unemployed people over the period reaching 467,619, an 18.6% decrease compared to the previous quarter.
Source: tovima.com
Latest News
Greek Draft Budget Tabled on Oct. 7, Amid Concerns Over Mid. East War
A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices
Migration: New approach on returns to be called for by the “27” at the Summit
According to Eurostat data, in the second quarter of 2024, 96 115 third-country nationals were ordered to leave an EU country and 25 285 people returned to third countries after being ordered to do so.
PM Mitsotakis Hosts US Senators for Work Breakfast in Crete
The Greek PM was accompanied by Defense Minister, Nikos Dendias, while the US Ambassador to Athens, George Tsunis was also present
Renowned Greek Composer Mimis Plessas Dies at 99
Greek Prime Minister Kyriakos Mitsotakis bid farewell to the composer in his own post on X, writing, "A leading composer, remarkable scientist, and kind soul has left us.
Olive Oil Prices Set to Fall as 2024 Supply Improves
“According to estimates, this year’s olive production will reach between 220,000 and 230,000 tons,” George Oikonomou, SEVITEL General Manager told AMNA
Exhibition ‘Stoa 01’ Transforms Historic Athens Market on Sat.
The exhibition will run until October 12 during regular store hours. Visitors can access the arcade via the nearby Panepistimio or Omonοia metro stations.
Metron Analysis: Androulakis Lead in PASOK Elex; No Change in Parties’ Strength
In extrapolating the vote, ruling ND reaches 29.2%, higher than the actual figure it received in last June’s European Parliament election, 28.3%. PASOK at 17.2%
Bank of Greece Launches Cybersecurity Campaign
Be alert regarding unusual behavior or situations (e.g., “too-good-to-be-true” offers, urgent requests for money, suspicious activity on your bank account or card).
GEK Terna Seals Attiki Odos Concession With 3.27 bln€ Payment
The 3.27 billion euros for the 25-year concession is the largest such consideration ever received by Greece's privatization fund, HRADF
Green Energy – Govt Designates 23 Areas for Offshore Wind Farms
The concession plan involves a series of steps for investors interested in taking part in the call to tender