Jobless rate at 10.5% last quarter

The unemployment rate in Greece dropped to 10.5% in the fourth quarter of 2023, down from 10.8% in the third quarter of the same year and 11.9% in the fourth quarter of 2022, according to the results of the Labor Force Survey for the fourth quarter of 2023, announced by the Hellenic Statistical Authority (ELSTAT) on Thursday.

The number of unemployed persons amounted to 488,667, recording a decrease by 5.0% compared to the previous quarter and a decrease by 12.5% compared to the same quarter of the previous year, ELSTAT said.

Of this total, 248,000 individuals, or 50.8%, have been seeking work for a year or more and are classed as long-term unemployed.

The unemployment rate among women was 12.9%, whereas for men it was 8.9%. In terms of age groups, unemployment was highest in the 15-19 age group (44.2%), followed by ages 20-24 (26.9%), 25-29 (18.2%), 30-44 (10.6%), 45-64 (6.8%) and 65-plus (6.8%).