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Unemployment rate in Greece rests at multi-year low in December

Staff Writer |
The number of unemployed in Greece decreased by 2,300 in December, according to the Hellenic Statistical Authority.

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The result followed the 800 decrease in unemployed seen in November.

The unemployment rate was stable at 23.1% in December for the third consecutive month. The unemployment rate is at the lowest level since March 2012 (December 2015: 24.1%).

Despite the improvements registered over the past years, Greece’s unemployment rate is still well above the Eurozone average.

FocusEconomics Consensus Forecast panelists expect unemployment to average 22.5% in 2017. For 2018, the panel expects the unemployment rate to average 21.3%.


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