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Unemployment in Greece reaches 8-year low

Greece’s unemployment rate dropped markedly in April, as it fell below 18%, which consists the country’s lowest level since July 2011. In particular, the figure stood at 17.6%, 2.2 points down from 2018 April’s 19.8% and 0.6 points down from 2019 March’s upward tendency of 18.2%.

According to the Hellenic Statistical Authority’s staff, the number of unemployed citizens amounted to 833,858, decreased by 107,290 individuals compared to April 2018 (11,4% decrease) and by 26,925 compared to March 2019 (decrease of 3,1%).

The total number of employees is estimated at 3,891,618 and has increased by 74,993 individuals compared to April 2018 (increase of 2%) and by 26,926 compared to March 2019 (increase of 0,7%).

The economically inactive (non-working and job seekers) amounted to 3,215,369 and fell by 10,218 individuals compared to April 2018 (down 0.3%) and by 3,606 compared to March 2019 0.1%).

Women and young people

For women, the unemployment rate (21.7% in April 2019 from 24.4% in April 2018) remains significantly higher than that of men (14.5% from 16.1%).

Regarding different ages groups, the highest unemployment percentages were found in the age group of 15-24 years old (30.4% in April 2019 from 40.3% in April 2018) and 25-34 years old (24.2% from 25%). Right behind them can be found the age groups of 35-44 years old (16.3% from 18.2%), 45-54 years (14.2% from 16.5%), 55-64 years (13.8% from 15.8%) and 65-74 years old (12.4% from 9.7%).

On a national decentralized administrations level, the top three spots on the unemployment scale are occupied by Epirus – Western Macedonia (20.5% in April 2019 from 24.7% in April 2018), Macedonia-Thrace (18.7% from 20%) and Peloponnese – Western Greece – Ionian Islands (18.7% from 19.4%). Thessaly – Central Greece (18% from 18.8%), Attica (17.9% from 20.5%), Aegean (14.6% from 19.3%) and Crete (11, 8% from 12.1%) come behind them./ibna

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