The drop in the Greek unemployment rate between May and June 2022 published Wednesday “is yet another reply to those trying irresponsibly to nullify the government’s work in economic and social policy,” Labor and Social Affairs Minister Kostis Hatzidakis said the same day.
According to the Hellenic Statistical Authority (ELSTAT), the unemployment rate dropped to 12.1% of the workforce in June 2022 from 12.5% in May 2022 and from 15% in June 2021 (to a total of 572,109 unemployed). A drop was also registered in the 15-24 age group (27.4% in June from 31.7% in June 2021).
“Unemployment dropped to 12.1%, that is, over 5 percentage points compared to what SYRIZA left us with (17.3%),” Hatzidakis noted, referring to the previous government of SYRIZA that ended in 2019. “Even more important is the fact that it eased by 3 percentage points compared to June 2021 (15%). In addition, unemployment for young people is dropping, while in terms of unemployment overall we are back to 2010 rates,” he added.
Hatzidakis said this was not yet cause for celebration, but an indicator that the government’s economic and social policy “is in the right direction and is producing results,” and he attributed higher employment rates to lower taxes and insurance payments for employers that encouraged investments and led to new job openings.