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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GreeceGreece Unemployment Rate fell to 7.9% in July 2026
FMPMonthlyReleased August 2026
Greece Unemployment Rate fell to 7.9% in July 2026, released August 2026, down 0.2% from June's 8.1% reading. The reading matched expectations. Unemployment Rate has now declined for 3 consecutive months. Over the past 3 months, Unemployment Rate averaged 9.3%, vs 8.72% in the prior 3-month window. The reading is in the 9th percentile of the trailing 24-month range.
Latest Release
7.9
Actual
7.9
Consensus
8.1
Previous
Median Absolute Error
±0.3 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 8.1
Actual: 7.9
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.64 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.31 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate (Greece) was reported at 7.9% in September 2026. The reading fell from the previous value of 10.6%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 8.37%, ranging from 7.5% to 10.6% across 14 releases.
WHY IT MATTERS
The trailing three releases averaged 7.93%, down from the prior three at 9.53%. Volatility over the past year (σ 0.77%) is higher than the prior year (σ 0.65%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.3%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include Retail Sales YoY (Sep 30).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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Unemployment Rate - GR
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About Unemployment Rate — Greece
DEFINITION
The Unemployment Rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job and actively seeking employment. It is used to assess the health of the job market and the overall state of the economy. A high unemployment rate can indicate a weak economy, while a low unemployment rate can suggest a strong and growing economy. This data is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 7.9 %. Prior reading (Jul 2026): 7.9 %. Before that (Jun 2026): 8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.64) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - GR Events
| Friday, September 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | GR | Current Account | -0.603 | 0.5 | 0.96 | Low | |
| Monday, September 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | GR | Current Account | -0.603 | 0.5 | 0.96 | Low | |