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Greece’s Unemployment Rate Falls to 9% in Q3 2023

Greece’s unemployment rate decreased to 9% in the third quarter of 2023, down from 10.8% a year prior. The number of unemployed individuals stands at 428,424, reflecting an 8.4% decline from the previous quarter and a 16.8% decrease year-on-year. Unemployment is higher among women at 11.5% compared to 7% for men, with the youth (ages 15-19) facing the highest rates at 19%. Long-term unemployment remains a concern, affecting 56.5% of job seekers. Overall, the labor market shows mixed signs, with a slight decrease in total employment.

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