The seasonally adjusted unemployment rate in Greece dropped to 9.8% in October 2024, down from a revised 10.8% in October 2023 but up from a revised 9.4% in September 2024, according to data from ELSTAT.
Employment and Unemployment Figures
The number of employed individuals rose to 4,284,694, marking an increase of 67,723 (1.6%) compared to October 2023 and 22,002 (0.5%) compared to September 2024. Conversely, the number of unemployed stood at 466,858, reflecting a year-on-year decrease of 44,806 people (-8.8%) but a month-on-month increase of 22,104 (5.0%).
Non-Active Population and Youth Unemployment
The non-active population under the age of 75—individuals neither working nor actively seeking employment—totaled 3,017,785 in October. This group saw a decrease of 45,427 people (-1.5%) compared to October 2023 and a similar drop of 45,518 (-1.5%) compared to September 2024.
Unemployment among individuals aged 15-24 remained high at 23.3% in October, underscoring ongoing challenges in youth employment.
Meanwhile, long-term unemployment in Greece was among the three worst in the European Union, according to the latest report released by the European bloc’s statistical authority, Eurostat.
While the long-term jobless rate in the European Union as a percentage of the workforce settled at 2.1% in 2023, a historic low since 2009, Greek long term unemployment stood out with a rate of 6.2%, the second worst in the Union, with only Bosnia Herzegovina being worse with 9.6%. Spain, with 4.3% came in third from the bottom.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
George Tsunis: Athens-Washington relations will continue to go from strength to strength under President Trump
"I can't say what President Trump's aims to achieve, but I think the past can serve as a pretty accurate guide," says U.S. Ambassador George Tsunis
A Guide to Athens’ Free Christmas Activities
A detailed guide to all the free festive events that will be taking place in Athens and Piraeus over the festive season. Could there be a better way for young and old alike to get into the holiday spirit?
Hotel Prices in Athens See a Slight Uptick in December
The average online price for a double room in the Greek capital is 130 euros this Dec., up 7.44% compared to last year but slightly lower than Nov. by 0.75%.
Greece Targets Undeclared Swimming Pools
Using data from the Cadaster, the Authority will cross-check information with tax returns and Form E9 to identify taxpayers who have not declared their swimming pools.
Nottingham FC Owner Marinakis on Sky Sports: PL Ambitions, Promises and Olympiacos FC
Nottingham Forest's Evangelos Marinakis opens up on VAR frustrations, his vision for success, and the strategic role of a multi-club structure in an interview at Sky Sports
FinMin to Banks: ‘Don’t Get on People’s Nerves’
Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing
Hochtief Sells Its Remaining 17% Stake in Olympia Odos Tollway
VINCI Concessions, AVAX Concessions, AKTOR Concessions and GEK TERNA jointly purchase stake for Olympia Odos tollway connecting greater Athens to Patras, and eventually Pyrgos
Greece’s Discounted Goods ‘Christmas Basket’ Program Launching Dec. 11
Starting on Dec. 11, items included in this year’s 'Christmas basket' will be sold at fixed prices across supermarkets in Greece.
Scope Ratings: Two Catalysts to Change Greek Economy Assessment
The baseline scenario assumes that primary budget surpluses will be maintained in the coming years, supporting Greece’s credit rating trajectory.
Kalamata Airport Concession Awarded to Consortium
Under the concession deal, the Greek government is estimating 71.2 million euros in state revenues and 28.3 million euros in investments.
