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Only 1:10 unemployed Greeks receives unemployment allowance of €360

Only one in ten unemployed Greeks receives the unemployment allowance of 360 euro per month. Each unemployed remains out of the labor  market for more than two and a half years. At the same time, 350,000 families have no working member. The latest data released by Greek Labor Agency (OAED) and the Labor Institute of private sector union (INE/GSEE) are shocking – but not surprising.

The unemployment rate is still the highest in the EU.

Long-term unemployment is over 70% of all unemployment.

Job quality is deteriorating, enforced part-time work is on the rise.

Undeclared work deprives the financial and social security systems of  significant resources.

The jobless allowance of 360 euros is given for the period of 12 months only. Depending to several criteria, 200 euros per month can be given for one more year.

OAED data for March 2017

  • Total unemployed: 918,181 people
  • 38.20% men, 61,80% women
  • Greek nationals 83.4%, EU-nationals 3.8%, Third-countries nationals 12.7%
  • Aged groups: 25-29 15.54% , 30-44 47.45%, 45-54 20.88%
  • 506,447 people are registered as unemployed for more than 12 months
  • 141,426 people receive unemployment allowance

Mostly affected are young men and women aged 18-24 years old. One in two people in this category is without work. The rate among youth is at 50.4 percent.

At the same time, real unemployment deprives the insurance system of more than 7 billion euros.

The INE/GSEE Labor Report 2017, underlines the high rates in part-time work.

  • Total number of employees:  3,736,700
  • 2,473,700 are employees 
  • 1,092,600 (22.6%) are unemployed.

The slight improvement  in unemployment rates – from 25% in 2013 – has partly to do with the following: 1. part of the unemployed has stopped looking for work 2. the subsidized training and employment programs 3. migration abroad. 250,000 people aged 20-34 migrated between 2010 and 2014.

Jobs are practically recycled work places  and not permanent jobs due to the subsidization. Such work contracts last maximum five months.

Migration has reduced and continues to reduce the volume and the rate of unemployment, especially among young people, because it has restricted the available labor force.

However, if we take into account other indicators, such as discouraged unemployed (those who are not available to look for work), involuntary part-time work, job seekers who are not available for various reasons (long distances between work place and home, sickness etc) it is possible to conclude that the real unemployment rate reaches 29.6%.

Unemployment mainly affects young people. Indeed, in the age group 15-24 and 25-29, unemployment is 42% and 33% respectively.

Part-time and low wages

full time jobs: 79% in 2009 but 45% in 2016
flexible work: 21% in 2009 but 55% in 2016

Not only the minimum wage went down to 586 euro gross in 2012. Part-time employees do not earn more than 300-350 euro per month. while young employees can ‘enjoy’ a salary of just 200 euros monthly.

It is estimated that Greece will need at least 20 years – until 2036- to have unemployment return to pre-crisis rates. Before the economic crisis, the general rate was at  7.3% in May 2008.

 

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6 comments

  1. It is a social catastrophe for Greece. And — for the moronic Germanophiles — is why pensions must not be cut. Entire families are now dependent for their living on one or two pensions. The right to life is established formally by the UN Declaration of Human Rights and the European Convention on Human Rights. Depriving people of their low income is an attack on their human right to live.
    ~
    The eurogroup and the IMF will go down in history as vicious and callous money-collectors, with as much compassion as the Nazis. Let every politician or banker involved in these atrocities be named, so that history will record their conduct. Maybe they will be hanged in their old age, for crimes against humanity.

  2. I will be glad to name those involved from the Greek side: All those who have voted in parliament for memoranda since their introduction in 2010 and members of all cabinets since September 2009 (with the exception of those in the first semester of 2015). Charges are for high treason, but the accusation is not that they accepted the policies the Germans imposed on them. The accusation is that they voted YES in parliament in several occasions while not knowing what they were voting for. In all cases MPs were given documents of thousands of pages to read in two or three days. Given that this is impossible, any positive vote automatically constitutes high treason. This concerns some 800 people.
    Jean Paul Sarte, the great philosopher and humanitarian, had accepted that such crimes against entire nations and peoples should exceptionally by punished by the death sentence. Unless we are able to reach this point for those 800 criminals, we have no hope of ever stopping the imposed genocide.

  3. Kanakaris George

    Grexit!It can’t get worse then this.

  4. f you

    every time i post something it gets wiped off

  5. @George: the problem is that it could actually get a lot worse 🙁 There are no easy choices, because so many mistakes were made by Greek politicians and so many vicious and and hateful decisions made by northern European political thugs in league with their banker friends.

  6. Ofc the unimployment are skyhi for the greeke pupolation, with illegal immigrants taking of a lot of the vacant jobs with saleries that barely keep starvation from the door. The situation is far to well describet in “Grabes of wrath” by Steinbeck