ELSTAT: Rate of unemployment estimated to be 27.2% in May

The Greek statistics authority ELSTAT has published its latest data regarding unemployment, according to which the seasonally…

The Greek statistics authority ELSTAT has published its latest data regarding unemployment, according to which the seasonally corrected rate in May 2014 was 27.2%, compared to 27.7% in May 2013 and 27.3% in April 2014.

In total there were 3,504,059 people employed in May 2014, while 1,309,213 were out of a job and a further 3,328,067 were inactive.

ELSTAT’s data shows that there were 7,468 fewer employed compared to May 2013 (-0.2%), but 22,291 more compared to April 2014 (+0.6%). Additionally, there were 39,227 fewer unemployed compared to May 2013 (-2.9%), but 2,815 more since April 2014 (+0.2%).

In the case of those who are not actively seeking employment, ELSTAT’s data shows that their numbers dropped by 1,155 since May 2013 and a further 29,542 since April 2014 (-0.9%).

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