Unemployment remains over 27%

A total of 6,557 people joined the dole queues in June, bringing the total number out of work to 1,365,406

Presenting the unemployment data for August,the Hellenic Statistics Authority said the estimated seasonally adjusted unemployment rate has stabilised in the past three months

People outside a state employment office in Athens in October (Photo: Reuters) People outside a state employment office in Athens in October (Photo: Reuters) The unemployment rate remained static in August, at 27.3%, with 9,777 finding work but 6,557 losing it, data from the Hellenic Statistics Authority (Elstat) showed on Thursday.

For the fifth month running, the unemployment remains above 27%, leaving three in five young people without a job.

The jobless rate rose from 25.5% in August last year. Young people were by far the worst affected, with unemployment among job-seekers aged 15 to 24 standing at 60.6%, up from 55.1% in July.

The figures showed the total number of people employed in August at 3,631,430, the unemployed at 1,365,406 and the economically inactive at 3,360,334.

This means that the country's unemployment figures have grown by more than a million in five years. In August 2008, a few months before the crisis broke, 354,727 people (7.1%) were recorded as unemployed.

The data (pdf) showed that in August, the number of people with jobs grew by 9,777 compared with the previous month, representing a 0.3% increase.

The ranks of the unemployed grew by 6,557, up 0.5%. The number of economically inactive also fell by 9,068, down 0.3%, on July.

The monthly statistical data are adjusted to remove seasonal factors, such as the spike in employment during the summer tourist season that would otherwise obscure underlying trends.

“During the last 3 months we observe a stabilisation of the estimated seasonally adjusted unemployment rate,” Elstat said.

The data showed that the unemployment rate for women (31.4%) is higher than that for men (24.3%).

Epirus–Western Macedonia (29.7%), Macedonia–Thrace (28.5%) and Attica (27.5%) are the regions with the highest unemployment rates.

The Aegean islands recorded the lowest figure (21.1%).

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Labour force survey, August 2013 - 144 KB