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  • ELSTAT: Unemployment drops to 24% in third quarter of 2015

    The Greek statistics authority ELSTAT has published its latest figures on the labor force and documented a reduction to 24% in…

    The Greek statistics authority ELSTAT has published its latest figures on the labor force and documented a reduction to 24% in the third quarter of 2015, from 24.6% in the second quarter of 2015 and 25.5% in the third quarter of 2014.

    Furthermore, the survey shows that during the third quarter there were 3,671,096 people employed, marking a 1.3% increase compared to the previous quarter and 2.3% compared to the third quarter of 2014. The number of unemployed persons decreased by 1.7% compared to the previous quarter and by 5.6% compared with the third Quarter of 2014.

    Unemployment affects women (28.1%) harder than men (20.7%), even among young people (aged 15-24) which suffers from a huge rate of unemployment (48.8%). According to ELSTAT’s figure 54.5% of young females are out of a job, compared to 43.7% of young males.

    The full set of statistics and tables is available online.

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