Greece: Unemployment rate drops , however employment growth decelerates in October 2016

Banking, Country Profiles, Finance, HR, Reports — By on January 12, 2017 at 12:12 PM

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Greece: Unemployment rate drops , however employment growth decelerates in October 2016 

The unemployment rate stood at 23.0% in October 2016 (or 23.7% – 12 month moving average) from 23.1% in September 2016 and 24.5% in October 2015

Our forecast for 2016 is 23.6%.

  • Descriptive statistics, Jan 2004 – Oct 2016:
  • Mean = 16.3%
  • Median = 12.4%
  • Max = 27.9% in July 2013
  • Min = 7.3% in May 2008

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  • The annual % change of employment was 1.4% (the rate is decelerating during the last 10 months!)
  • The annual % change of unemployment was -6.8%.
  • The annual % change of the labour force was -0.6%.

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Contact person: Stylianos G. Gogos (sgogos@eurobank.gr)

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