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Unemployment in Greece falls to 18.5%, the lowest since July 2011

Greece’s unemployment rate fell to 18.5 percent in February from an upwardly revised 18.6 percent in the previous month, data from the country’s statistics service ELSTAT showed on Thursday. February’s unemployment rate was the lowest reading since July 2011, which means that for 8 consecutive years unemployment was more than …

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Unemployment benefits are counter-productive, says New Democracy

Unemployment benefits and Christmas bonus have become the target of conservative new Democracy, Greece’s main opposition party, aspiring to come to power after the next parliamentary elections. New Democracy sees the achievements of the working class struggle as counter-productive and claims that they create clientele relations between the state and …

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Unemployment in Greece falls to 18% but still the highest in EU

Unemployment in Greece fell to 18% in December 2018, the European Statistics Authority Eurostat announced on Monday. Greece’s rate is the highest in the European Union and the Eurozone area. Unemployment rate among young people (aged below 25 years) rose slightly to 39.5% in December from 39.4% in November. Unemployment …

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Number of registered unemployed in Greece increased by 2% in Jan

The number of unemployed in Greece increased by 2% in January 2019. It should be noted that in the same month the increase of the minimum wage was introduced. One in two registered unemployed (486,019 persons, 50.76%) are on the lists of the Greek Manpower Employment Organization OAED for a …

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Greece’s Youth still champion in unemployment at 38.5% rate

German Chancellor Angela Merkel came for a two-day visit in Athens, just as the Greek Statistics Authority published the latest data on unemployment. Unemployment rate in October 2018 was 18.6 percent. “Great!” Merkel may have thought as she stepped Greek soil. “A year before, in October 2017, the rate was …

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Unemployment in Greece falls to 18.9% in August, remains high for youth

Unemployment in Greece feel below 19 percent to 18.9% in August, supported by strong tourism trends, Greek Statistics Authority ELSTAT said on Thursday. In comparison, unemployment was at 19.1% in July this year and 20.8%t in August 2017. The statistics service, in a monthly report, said the number of unemployed …

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Unemployment in Greece falls to 19% in July, youth unemployment at 37.9%

Unemployment in Greece fell to 19 percent in the month of July. According to Greek Statistics Authority, the unemployment rate fell to 19% from 19.1% in June and 20.9% in July 2017. Y0uth unemployment is still high at 37.9%, however, a year ago it was at 41.1% and reached above …

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Unemployment measures worth €31.5mln to hinder Greece’s “brain drain”

Greece’s Labor Ministry plans a series of measures to combat unemployment. The measures worth 632.5 million euros will be implemented in the first half of 2019 and will affect 88,500 unemployed young scientists. The measure should be considered as an effort to stop the brain drain. “The government’s plans include …

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Youth unemployment in Greece falls below 40% for the first time in years

For the first time in years, youth unemployment fell below 40 percent, the Greek Statistics Authority ELSTAT said on Thursday. In its monthly report, ELSTAT said that unemployment rate among young people aged up to 24 years old fell to 39.1 percent in June 2018. One should note that the …

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Unemployment rises to 22.29% in July despite seasonal work places

Registered unemployed recorded an increase of 2.81 percent in the month of July when compared to the previous month June. The data released by the Greek Employment Agency (OAED) come as surprise because normally unemployment figures drop in summer due to seasonal works and jobs in the tourism industry. More …

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Unemployment in Greece falls to 19.5% for the first time since 2011

Unemployment in Greece fell to 19.5 percent in May 2018, the Greek Statistics Authority ELSTAT announced on Thursday. It is the first time since 2011 that unemployment falls below 20 percent. Comparing the data, ELSTAT said that unemployment was at 21.7% in May 2017 and at 20% in April 2018. …

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Unemployment in Greece remains over 20% for 8. consecutive year

From April to April, from year to year….Unemployment rate in Greece remains at a level of more than 20% for the eighth consecutive year. According to Greek Statistics Authority, unemployment reached 20.2 percent in April 2018. In comparison, the unemployment rate in April 2017 was at 21.7% and at 20.1% …

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Commission Forecast 2018 revises down Greece’s growth

The European Commission Spring Forecast has revised down Greece’s growth in 2018 to 1.9% from 2.5% and for 2019 to 2.3% from 2.5%. The revision followed a smaller than expected growth rate last year. For next year, the EC projects a 2.3 percent growth rate for Greece, lower than its …

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IMF revises projections for growth, primary surplus and unemployment in Greece

The International Monetary Fund has revised, downwards, its forecast for GDP growth in Greece for 2018, to 2 percent, down from 2.6 percent that it had forecasted last autumn and further down from 2.3 percent given by the Greek government for the current year. The forecast was included in the …

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Unemployment in Greece decreases further, reaches 20.6% in Jan

Greece’s unemployment rate decreased for the second straight month in January, though slightly, data from the Hellenic Statistical Authority showed Thursday. The jobless rate dropped to 20.6 percent in January from 20.8 percent in December. In the corresponding month last year, the rate was 23.2 percent. There were 977,222 unemployed …

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Unemployment in Greece at 21.2% in Q4 of 2017, higher when compared to Q3

Greece’s unemployment rate fell to 21.2 pct in the fourth quarter of 2017 from 23.6 pct in the same period in 2016, but grew from 20.2 pct in the third quarter of 2017, Hellenic Statistical Authority (ELSTAT) said on Thursday. The statistics service, in a quarterly report, said that the …

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How Greeks end up in sham jobs in the Czech Republic

A large number of employment agencies have been hiring cheap labor across Europe. But many Greeks have fallen victim to high expectations and fraudulent recruitment deals.   Like most Greeks, Nikos Varthimiadis is bust. Bad debts ruined his bakery last year, pushing the middle-aged man and father of three into …

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