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.
