Greek unemployment rate fell to 10.8% in May, ELSTAT says

The seasonally adjusted unemployment rate in May 2023 amounted to 10.8% compared to 12.7% in May 2022 and to the upwards revised 11.3% in April 2023, accoding to the Hellenic Statistical Authority (ELSTAT).
The number of employed persons amounted to 4,186,179 persons increased by 45,901 persons as compared with May 2022 (1.1%) and by 22,512 persons compared with April 2023 (0.5%). The number of unemployed persons amounted to 506,184 decreased by 95,166 persons as compared with May 2022 (-15.8%) and by 23,861 persons compared with April 2023 (-4.5%).
As for the number of persons outside the labour force, i.e., persons under the age of 75, that neither work nor look for a job, it amounted to 3,111,516, increased by 18,599 persons as compared with May 2022 (0.6%) and decreased by 996 persons compared with April 2023 (negligible change).

Unemployment in Greece will drop below 10% in coming months, says Georgiadis

Unemployment in Greece will drop below 10% in coming months, noted Minister of Labour & Social Welfare Adonis Georgiadis on Friday.

The minister was welcoming the Hellenic Statistical Authority’s (ELSTAT) latest amended report on unemployment figures, according to which unemployment in the country in May was registered at 10.8%, compared to the 12.7% of May 2022, and the 11.3% in April 2023.