Unemployment in Greece Drops to 23.3% in April



B1BE9B2194070CB83A22C3FD9891CA3EUnemployment in Greece stood at 23.3% in April, exactly two percentage points down from the April 2015 figure, according to ELSTAT figures released on Thursday.

The Greek statistical authority data also shows that unemployment also dropped compared to last month, when the Greek unemployed had reached 23.7 percent.

In actual numbers, the registered unemployed Greeks in April amounted to 1,115,443, that is 90,955 people less (down by 7.5%) compared to April 2015 and 20,951 people less (down by 1.8%) compared to March 2016.

The number of employed was estimated at 3,676,880 people, an increase of 106,854 people (3%) compared to April 2015 and by 25,600 persons (0.7% increase) compared to March this year.

The inactive population (people who are not working or looking for work) amounted to 3,262,493 persons. The inactive decreased by 55,686 people (a decrease of 1.7%) compared to April last year and 8.069 persons (0.2% reduction) compared to March 2016.

The monthly labor survey by ELSTAT also shows the following:

Unemployment among women was 28.2% in April 2016 from 29% in April 2015. It continues to be significantly higher than that of men (19.3% from 22.2%).

Agewise, unemployment mainly affected the 15-24 years age group (47.4% in April 2016 from 51.7% in April 2015) and the 25-34 years group (29.4% from 32.8%). In the 35-44 years age group (20.5% from 22.2%), 45-54 years (19.5% from 20.5%), 55-64 years (19.3% from 17.2%) and 65-74 years (12.5% from 10.7%).

In regards to region, the top three regions in unemployment are Epirus-Western Macedonia (27.6% in April 2016 from 26.8% in April 2015), the Thessaly (central Greece) region (26.9% from 26.2%) and Macedonia-Thrace (25.1% from 25.6%). In Crete (23.5% from 24.3%), the Peloponnese-Western Greece-Ionian Islands (23.1% from 25.3%), Attica (22.5% from 25.7%) and Aegean Sea islands (15.4% from 16.1%).