
The percentage showed a significant increase of 1.1 percentage points during the month. unemployment in our country in February, which, according to her, Greek Statistical Office rose to 11.4% from 10.3% in January. Of course, on an annualized basis, and despite the high volatility of the past few months, the decline in unemployment is significant, as ELSTAT calculated a rate of 13% in February 2022. According to experts, the significant increase in the indicator in February compared to the large de-escalation in January is mainly due to the end of the winter tourist season, which led to an increase in employment in connection with Christmas.
In particular, official ELSTAT data show that the number of unemployed people reached 526,742, which is 94,664 people less than in February 2022 (-15.2%), but also 53,683 people more than in January 2023 ( +11.3%. Accordingly, the number of employees was limited to 4,104,796 people, which is 55,012 people less compared to February 2022 (-1.3%), and 27,235 people compared to January 2023 (-0.7%) . Of course, the number of people under the age of 75 who are not in the labor force, not working, and not claiming to be looking for a job is important in determining the unemployment rate. This number in February 2023 reached 3,179,414 people, an increase of 118,150 people compared to February 2022 (+3.9%), but a decrease of 28,828 people compared to January 2023 (-0.9%) .
In any case, for another month it has been established that the unemployment rate among men remains unambiguous (7.8%), but significantly higher, twice as high, among women (15.8%). Accordingly, among youth aged 15-24, unemployment was estimated at 29.7% in February, a high percentage but lower than 34.2% in the corresponding month of 2022. In January 2023, youth unemployment between the ages of 15 and 24 old was at 28.1%.
Source: Kathimerini

Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.