Greek unemployment rate at 24 pct in 3rd Quarter 2015

The number of employed amounted to 3,671,096 persons in the third quarter of 2015 while the number of unemployed amounted to 1,160,522, according to the national statistics service. The unemployment rate was 24.0 percent compared with 24.6 percent in the previous quarter, and 25.5 percent in the corresponding quarter of 2014.

Greek unemployment rate at 24 pct in 3rd Quarter 2015

The number of employed persons increased by 1.3 percent compared with the previous quarter and by 2.3 percent compared with the third quarter of 2014. The number of unemployed persons decreased by 1.7 percent compared with the previous quarter and by 5.6 compared with the third quarter of 2014.

The unemployment rate for females (28.1 percent) is considerably higher than the unemployment rate for males (20.7 percent).

By observing the unemployment rate for different age groups, we notice that the highest unemployment rate is recorded among young people in the age group of 15-24 years (48.8 percent). For young females the unemployment rate is 54.5 percent.

The geographical areas (NUTS II regions) with the highest unemployment rate are Western Macedonia (31.5 percent) and Western Greece (28.1 percent). The lowest unemployment rates are observed in Southern Aegean (10.4 percent) and Ionian Islands (12.2 percent).

As regards the educational attainment level, the unemployment rate is higher among persons who did not attend school (46.9 percent). The lowest unemployment rates are observed among persons, who have completed post-graduate studies or have a doctorate (13.2 percent), and among university graduates (20.0 percent).

The unemployment rate is higher for persons of foreign nationality (28.6 percent) compared with those of Greek nationality (23.7 percent). It should also be noted that the percentage of the economically active persons with foreign nationality is much higher than the corresponding percentage of persons with Greek nationality (72.4 percent compared to 51.2 percent).

 

 

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