LOGO
LOGO

European Economic News

Greek Unemployment Hits New Record High In May

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Unemployment in Greece increased further and reached a new record high in May, as the labor market continues to be hit by the deepening recession, data released by the Hellenic Statistical Authority showed Thursday.

The unemployment rate increased to 23.1 percent in May from the revised 22.6 percent in June, reaching the highest level since records started. In May 2011, the jobless rate was 16.8 percent.

The unemployment rate among youth, aged between 15 and 24, was 54.9 percent during the month, up from 41.7 percent recorded in the same month last year.

There were around 1.15 million unemployed persons in Greece in May, sharply higher than around 836,000 recorded a year earlier.

Meanwhile, the number of persons in employment decreased to about 3.81 million from 4.14 million in May 2011, data showed.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

Latest Updates on COVID-19