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Unemployment rate crosses 28% threshold, reaching new high

1,382,062 people out of work in November, official statistics show

Figures show that about 3.5 million people are working to support more than 4.7 million unemployed and inactive people

People walk outside a state employment agency OAED office in Athens (Photo: Reuters) People walk outside a state employment agency OAED office in Athens (Photo: Reuters) Crossing a new threshold, the unemployment rate hit another historic high in November, with 28.0% of the workforce without a job, acccording to the Hellenic Statistics Authority (Elstat).

The figure was more than the revised 27.7% recorded in the previous month, which was also a record high.

This means that for the eighth month running, unemployment remains above 27%, the highest rate in the entire European Union.

The figures showed the total number of people employed in November at 3,550,679, the unemployed at 1,382,062 and the economically inactive at 3,376,643.

This means that the country's unemployment figures have grown by a million in five years. In November 2008, a few months before the crisis broke, 384,988 people (7.8%) were recorded as unemployed.

The figures also show that about 3.5 million people are working to support more than 4.7 million unemployed and inactive people.

The data (pdf) showed that in November, the number of people with jobs fell by 35,726 compared with the previous month, representing a 1.0% rate of decrease.

The ranks of the unemployed increased by 5,698, up 0.4%. The number of economically inactive also grew by 6,331, up 0.2%, on October.

The data showed that the unemployment rate for women (32.2%) is higher than that for men (24.9%).

The regions of Macedonia–Thrace (29.7%) Attica (28.9%), Epirus–Western Macedonia (28.8%) had the highest unemployment rates.

Peloponnese, Western Greece and the Ionian Islands recorded the lowest figure (25%)

In terms of age group, the largest proportion of unemployed was in the under-25 age group, where 61.4 are registered as unemployed, up from 57.9% in the previous month.

As Elstat has pointed out in the past, not all youth it deems unemployed are looking for work. In the first quarter of this year, the unemployment ratio, which seeks to determine how many of under-25s are looking for work but can’t find it, 71.3% of that age group were deemed inactive, or not looking for work, and 17.2% classed as unemployed. Nevertheless, only 11.5% are recorded as having jobs.

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Labour Force Survey, November 2013 - 144 KB