What was the rate of unemployment in 2016?
labor
The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019.
What is the unemployment rate in Greece?
In 2020, the unemployment rate in Greece was around 16.85 percent….Greece: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2019 | 17.31% |
| 2018 | 19.29% |
| 2017 | 21.49% |
| 2016 | 23.54% |
How many unemployed people are in Greece?
632.49 Thousand
| Related | Last | Unit |
|---|---|---|
| Unemployment Rate | 13.90 | percent |
| Employed Persons | 4100.23 | Thousand |
| Unemployed Persons | 632.49 | Thousand |
| Part Time Employment | 319.30 | Thousand |
What is Greece employment rate?
Employment Rate in Greece averaged 83.15 percent from 2004 until 2021, reaching an all time high of 93.28 percent in May of 2008 and a record low of 71.29 percent in November of 2013.
Which country has the highest unemployment rate?
Burkina Faso
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey.
What was the national unemployment rate in 2017?
4.1 percent
The number of unemployed people fell by 989,000 from a year earlier, to 6.6 million in the fourth quarter of 2017. The unemployment rate—the percentage of the labor force that is unemployed—was down by 0.6 percentage point over the year, reaching 4.1 percent at the close of 2017.
What is Greece’s unemployment 2021?
ATHENS, Sept 16 (Reuters) – Greece’s jobless rate fell to 15.8% in the second quarter from 17.1% in the first three months of 2021, data by the country’s statistics service ELSTAT showed on Thursday.
Which European country has the highest unemployment rate?
For Germany, the Netherlands, Austria, Finland and Iceland the trend component is used instead of the more volatile seasonally adjusted data….Unemployment rate in member states of the European Union in July 2021 (seasonally adjusted)
| Characteristic | Unemployment rate |
|---|---|
| Spain | 14.3% |
| Italy | 9.3% |
| Sweden | 8.4% |
| France | 7.9% |
What is the poverty rate in Greece?
Greece – At-risk-of-poverty rate was 17.70% in December of 2020, according to the EUROSTAT. Historically, Greece – At-risk-of-poverty rate reached a record high of 23.10% in December of 2013 and a record low of 17.70% in December of 2020.
What is Greece main source of income?
Greece’s main industries are tourism, shipping, industrial products, food and tobacco processing, textiles, chemicals, metal products, mining and petroleum. Greece’s GDP growth has also, as an average, since the early 1990s been higher than the EU average.
Which country has the highest unemployment rate in Europe?
What is the unemployment rate in Sweden?
The unemployment rate in Sweden increased significantly from March 2020 due to the outbreak of the coronavirus (COVID-19)….Monthly unemployment rate in Sweden from March 2020 to August 2021.
| Characteristic | Unemployment rate |
|---|---|
| Dec 2020 | 8.8% |
| Nov 2020 | 8.8% |
| Oct 2020 | 8.8% |
| Sep 2020 | 8.9% |
Where is the lowest unemployment rate in Greece?
The jobless rate went down for both genders, but was lower for men (13.7 percent vs 15.1 percent) than for women (21.0 percent vs 24.0 percent). Across the country’s regions, the lowest unemployment rates were registered in Crete (9.9 percent), Aegean Islands (14.7 percent) and Attica (16.8 percent).
What kind of economy does Greece have now?
Greece is a developed country with a high-income economy, whose primary industry revolves around tourism and shipping. Agriculture also plays an important role for the country’s economy, more specifically for the EU.
How did the EU help Greece with its debt?
However, financial assistance from several countries around the world as well as stimulus packages from the EU were issued to Greece, with the hopes of structural adjustments in the government and better decision making within the country in order to decrease national debt and increase productivity.
Is the unemployment rate going up or down?
Although the unemployment rate has started to decline, it is expected to rise above its current levels by year-end. Meanwhile, the possibility of tighter Covid-19 restrictions, in light of the spread of more infectious Covid-19 variants, clouds the outlook for the labor market.