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Follow Economic DataGreece's unemployment rate declined to 7.9% in July 2026, with approximately 377,000 people out of work. This represents a decrease from 384,000 in June and 422,000 in July 2025. This contrasts with the broader Euro area trend, where joblessness remained stable at 6.4% in July.
The U.S. Bureau of Labor Statistics' preliminary benchmark revision indicates a significantly softer labor market than previously reported, retroactively subtracting 818,000 jobs in 2024 and 911,000 in 2025. This revision suggests that official monthly payroll counts had overstated job growth, aligning with Federal Reserve Chair Jerome Powell's earlier estimates of an approximate 60,000 jobs per month overstatement for 2026. This re-evaluation could influence future monetary policy decisions.
Eurostat reported that the seasonally adjusted unemployment rate in the euro area remained stable at 6.4% in July 2026, unchanged from June 2026. This figure is slightly up from 6.3% in July 2025. The EU unemployment rate also held steady at 6.1% in July 2026.