The unemployment rate was 16.2% in the first quarter in Greece

Latest ELSTAT data shows that the number of unemployed persons amounted to 745.093. The unemployment rate was 16.2%, compared with 16.8% in the previous quarter and 19.2% in the corresponding quarter of the previous year.

The number of the unemployed decreased by 5.3% compared to the previous quarter and by 17.9% compared to the same quarter of the previous year.

The number of persons employed amounted to 3.852.615

The employment rate decreased by 1.3% compared to the previous quarter and increased by 1.0% compared to the same quarter of the previous year.

Persons who are subject to a suspension of their contract are still considered to be employed, if the suspension period is less than 3 months or if they receive more than 50 % of their remuneration.

The number of economically inactive under the age of 75, i.e. the persons who are neither working nor looking for a job, amounted to 3,311,960.

The share of the inactive persons increased by 2.5 % compared with the previous quarter and by 2.4 % compared to the same quarter of the previous year.

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