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Greece's Unemployment Drops to 9.4%, Youth Rate at 21%

1/31/2025

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Summary

Story summary

Greece's unemployment rate decreased to 9.4% in December 2024, down from 10.4% a year earlier.
The number of employed individuals rose to 4,267,593, while unemployed individuals fell to 443,639.
Youth unemployment (ages 15-24) declined to 21%.
Greece has the second highest unemployment rate in the EU, after Spain at 10.6%.
Women's unemployment stands at 11.3%, compared to 8% for men.

History

Historical Context

Greece's unemployment rate decrease to 9.4% in December 2024 reflects a slow recovery from the severe economic crisis that peaked in 2013, when unemployment soared above 27%. Historical fiscal mismanagement and austerity measures have shaped Greece's labor market, highlighting ongoing challenges in achieving sustainable employment growth.

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Story summary

Greece's unemployment rate decreased to 9.4% in December 2024, down from 10.4% a year earlier.
The number of employed individuals rose to 4,267,593, while unemployed individuals fell to 443,639.
Youth unemployment (ages 15-24) declined to 21%.
Greece has the second highest unemployment rate in the EU, after Spain at 10.6%.
Women's unemployment stands at 11.3%, compared to 8% for men.

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