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FX.co ★ Greek Unemployment Dips to 7.9% in July, Extending Labor Market Improvement

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typeContent_19130:::2026-08-31T09:00:00

Greek Unemployment Dips to 7.9% in July, Extending Labor Market Improvement

Greece’s unemployment rate continued its gradual decline in mid‑2026, edging down to 7.9% in July from 8.1% in June, according to data updated on 31 August 2026. The latest reading marks a further easing in labor market pressures as the country moves through the summer period.

The July figure, coming just one month after June’s 8.1% print, underscores a modest but sustained improvement in employment conditions. While no sector-specific details were released in this update, the trend suggests that job creation is keeping pace with, or slightly outstripping, new entrants to the labor force.

With unemployment now below the 8% threshold, attention is likely to turn to whether this momentum can be maintained beyond the seasonally supportive summer months, and how it may feed into consumer confidence and domestic demand in the second half of 2026.

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