5 days ago
Greece's jobless rate hits 17-year low
ATHENS, May 30 (Xinhua) -- Greece's unemployment rate fell to 8.3 percent in April, marking the lowest level in 17 years, according to the Hellenic Statistical Authority (ELSTAT).
The unemployment rate stood at 10.8 percent in April 2024 and dropped to 8.9 percent in March 2025, ELSTAT announced on Thursday.
The Greek government hailed the achievement in a social media post, highlighting the country's sustained economic recovery.
It also noted a reduction in labor market disparities. Female unemployment fell to 10.8 percent, down from 13.6 percent in April of the previous year, and youth unemployment also declined, it said.
Market analysts believe that the latest data underscore the progress Greece has made in stabilizing the job market and strengthening its overall economic resilience.
During Greece's debt crisis (2009-2018), when the country faced severe economic hardship, unemployment soared to 27.4 percent between 2012 and 2014. Since then, the rate has gradually declined as Greece returned to growth following the implementation of austerity measures and structural reforms.
