The Hellenic Statistical Authority (ELSTAT) has published its latest figures on Greek unemployment for June 2024, highlighting a modest improvement in the labor market.
The seasonally adjusted unemployment rate for June 2024 fell to 9.6%, down from the revised 11.4% in June 2023 and slightly lower than the 10.3% reported in May 2024.
Employment saw a notable rise, with the number of employed individuals reaching 4,293,899. This represents an increase of 79,229 people compared to June 2023 (a 1.9% rise) and 41,192 more compared to May 2024 (a 1.0% increase).
The unemployed population dropped to 456,663, showing a significant decrease of 85,865 from June 2023 (-15.8%) and a reduction of 30,629 from May 2024 (-6.3%).
Meanwhile, the number of people outside the labor force, defined as those under 75 who neither work nor seek employment, stood at 3,027,673. This is a decrease of 16,999 compared to June 2023 (-0.6%) and down by 12,838 from May 2024 (-0.4%).
Despite a relative decline in unemployment rates, employment conditions in Greece remain among the worst in the EU, according to the latest annual report from INE-GSEE.
The report reveals that 36% of households are struggling financially, but the employment statistics are even more concerning. Nearly 45% of workers are having trouble managing their financial commitments comfortably, and over 64% work under high levels of stress.
In terms of qualitative employment indicators, including income, leisure time, and job security, Greece ranks among the lowest in the EU.
