EnetEnglish.gr, 12:06 Thursday 6 March 2014
Unemployment rate at 27.5% in December
1,349,495 people out of work at last count, official statistics show
Figures show that about 3.5 million people are working to support more than 4.7 million unemployed and inactive people
The country’s unemployment rate fell slightly in December, with 27.5% of the workforce registered as being out of a job, according to the Hellenic Statistics Authority (Elstat), meaning that for the 9th month running, unemployment remains above 27%, the highest rate in the entire European Union.
The figure was less than the revised 27.6% figure (down from 28%) recorded in the previous month.
The figures showed the total number of people employed in December at 3,555,034, the unemployed at 1,349,495 and the economically inactive at 3,388,927.
This means that the country's unemployment figures have grown by almost million in five years. In December 2008, as the international crisis was breaking, 434,149 people (8.9%) 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 December, the number of people with jobs fell by 5,418 compared with the previous month, representing a 0.2% rate of decrease.
The ranks of the unemployed fell by 10,864, a fall of 0.8%. The number of economically inactive also grew by 4,453, up 0.1%, on November.
The data showed that the unemployment rate for women (31.6%) is higher than that for men (24.5%).
The regions of Epirus–Western Macedonia (30.4%), Macedonia–Thrace (28.8%) and Attica (27.9%) had the highest unemployment rates.
Peloponnese, Western Greece and the Ionian Islands recorded the lowest figure (22.7%)
In terms of age group, the largest proportion of unemployed was in the under-25 age group, where 55.5% are registered as unemployed, down from 61.4% 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.