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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GreeceGreece Unemployment Rate climbed to 8.0% in June 2026
FMPMonthlyReleased July 2026
Greece Unemployment Rate climbed to 8.0% in June 2026, released July 2026, up 0.2% from May's 7.8% reading. The print came in hotter than the 7.6% consensus, a hotter print than forecasters anticipated. The print is running well below the 12-month average of 8.55%. Over the past 3 months, Unemployment Rate averaged 10.05%, vs 8.36% in the prior 3-month window. The reading is in the 11th percentile of the trailing 24-month range.
Latest Release
8
Actual
7.6
Consensus
7.8
Previous
Median Absolute Error
±0.42 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 7.75
Actual: 8
Error: -0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Unemployment Rate (Greece) was reported at 8% in July 2026. This beat the market consensus of 7.6% by 0.4%. The reading rose from the previous value of 7.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 8.42%, ranging from 7.5% to 10.6% across 13 releases.
WHY IT MATTERS
The trailing three releases averaged 9.37%, up from the prior three at 8.17%. Volatility over the past year (σ 0.78%) is higher than the prior year (σ 0.55%). In July readings over the past 3 years, Unemployment Rate has averaged 9.4%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 0.43%.
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 8 %, consensus 7.6 %. Prior reading (Jan 2026): 10.6 %. Before that (Apr 2026): 9.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.59) — a useful reference for forex-focused traders.
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Economic Calendar - GR Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | GR | Producer Price Index YoY | 8.8 | 13.5 | 13 | 10.90 | Low |