Greece Jobless Rate Falls to 8% in June as Youth Unemployment Climbs to 19.5%
Updated
Updated · Kathimerini English Edition · Aug 1
Greece Jobless Rate Falls to 8% in June as Youth Unemployment Climbs to 19.5%
3 articles · Updated · Kathimerini English Edition · Aug 1
Summary
8% unemployment in June marked Greece’s lowest rate in decades, down from 9.2% a year earlier even as it ticked up from 7.8% in May.
Strong hiring in industry, construction, retail and tourism kept labor demand above supply, suggesting the long decline in joblessness is stabilizing rather than reversing.
19.5% youth unemployment underscored a growing gap for younger workers, while IOBE warned Greece still has a high share of 15-29 year-olds outside work, education or training.
Further gains are expected to depend less on basic job creation and more on structural reforms—higher-value investment, tighter education-to-work links and tax policies that support better-paid jobs.