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> Economy

ELSTAT: Greek unemployment rate at 27.8% in Q1

Greek unemployment rate rose to 27.8% of the workforce in the first quarter of 2014, from 27.6% in the same period last year

Newsroom June 12 03:19

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Greek unemployment rate rose to 27.8% of the workforce in the first quarter of 2014, from 27.6% in the same period last year and unchanged from the fourth quarter of 2013, with the number of unemployed people totalling 1,342,299, the Hellenic Statistical Authority said on Thursday.

According to a report released by the statistics service, 71.4% of unemployed people (958,401) were long-term unemployed. The statistics service noted that the first quarter unemployment figures were based on the 2011 census and were not fully comparable with previous quarters.

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The number of unemployed people was up 0.4% compared with the previous quarter and by 0.5% compared with the same period in 2013. The number of employed people totalled 3,483,716, up 0.1% compared with the previous quarter and down 0.6% compared with the first quarter in 2013.

The unemployment rate among women was 31.4% (31.1% in 2013), while among men the unemployment rate was 25% (24.9% in 2013). The 15-24 age group recorded the highest unemployment rate (56.7% from 60% last year), followed by the 25-29 age group (42.4% from 41.1%), the 30-34 age group (26.7% from 26.1%), the 45-64 age group (20.3% from 19.6%) and the above 65 age group (12.6% from 7.4%).

South Aegean (30% this year from 24.9% in 2013) recorded the highest unemployment rate among the country’s regions, followed by Central Macedonia (29%), Western Greece (29.7%), Epirus (28.5%), Western Macedonia (28.4%), Attica (28%), Ionian Islands (27.4%), Central Greece (27.6%), Crete (26.9%), Eastern Macedonia-Thrace (25.4%), Thessaly (25.2%), North Aegean (24.4%) and the Peloponese (23.4%).
Part-time labor accounted for 9.2% of total employment, while 63.3% of workers were wage earners.

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