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Tag Archives: unemployment

Unemployment in Greece rise amid peak of tourism season

The number of unemployed in Greece rose in July compared to June, despite the tourism season entering its peak period, data released by the Public Employment Agency show. In July, the registered unemployed actively seeking jobs stood at 948,930, 27,283 more than in June. Of those, 67.21% (637,836) are women, …

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Greek PM announces raise of minimum wage, unemployment benefit

Prime Minister Kyriakos Mitsotakis finally announced the much anticipated increase of the minimum wage as well as an increase of the unemployment allowance. “My decision today addresses the low-incomers and the unemployed,” he said in his televised message. The PM’s pre-Easter gift on Holy Wednesday is 50 euros more per …

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Greece’s unemployment rate reaches 17.1% in first quarter 2021

Greece’s unemployment rate in the first quarter of the year reached 17.1 percent, up from 16.2 percent in the previous quarter and in the same period last year, according to data from the Hellenic Statistical Authority (ELSTAT). In its latest quarter labor force survey, ELSTAT said the number of people …

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IMF on Greece: Weak recovery in 2021, unemployment 20%, primary surpluses from 2022

Greece will return to primary surpluses from 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said its Fiscal Monitor report released on Wednesday. The IMF based its 2020 forecasts on the belief that political interventions to manage the pandemic have led to a …

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Unemployment up 19.9% between June 2020 and 2019

Registered unemployment fell 3.16% to 1,126,173 in June 2020, from 1,163,955 in May 2020 and rose from 938,812 in June last year (up 19.96%), Greece’s Manpower Employment Authority OAED said on Monday. The number of unemployed people seeking jobs in June was 1,068,856, with 536,144 (50.16%) of them being long-time …

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Registered unemployed skyrocket to 25.13% in May

Thousands of seasonal workers were not hired in May, the month when usually recruitment in the tourism industry takes place. In the shadow of the coronavirus crisis, unemployment in May skyrocketed to 25.13% when compared to the same month in 2019. The number of registered unemployed in the Greek Employment …

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Tourism workers protest new anti-labor laws, get teargassed

Hundreds of desperate workers in the tourism and catering sectors as well as people working at Athens international airport gathered outside the Labor Ministry to protest the new anti-labor laws and the miserable working conditions that have arisen from the coronavirus pandemic. After 2.5 months of lockdown, they demanded a …

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Unemployment in Greece biggest increase than 2011-2013, warns Enterprises Federation

Unemployment rate in Greece is expected to record the biggest increase in a decade, surpassing the period 2011-2013, despite the fact that government measures managed to contain job losses, the Federation of Hellenic Enterprises (SEV) said in a report released on Monday. Worth recalling that unemployment during the Greek economic …

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Thousands of positions in Greece’s hotel sector remained unfilled in 2019

While unemployment rates in Greece were high and thousands of jobs were available in Greece’s hospitality sector last year, many positions remained unfilled. According to a study presented by the Institute for Tourism Research and Forecasts (ITEP) last week, 7,000 positions in Greek hotels remained unfilled. The study, conducted by …

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Unemployment in Greece falls to 16.6% in Oct 2019

Unemployment in Greece declined further in October 2019 compared to the corresponding month of 2018, according to data released by Greek Statistics Authority ELSTAT on Thursday. According to ELSTAT, the seasonally adjusted unemployment rate in October 2019 stood at 16.6% against the revised downward 18.5% in October 2018 and 16.8% …

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“Ghost” of rising unemployment returns to Greece

The “ghost” of rising unemployment and layoffs has returned to Greece in the last three months with the dismissals to surpass the hiring of labor forces. In November alone, 30,559 jobs disappeared. Unemployment has increased in September, October and November, data from the Ergani system of the Labor Ministry show. …

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Greek unemployment falls to 16.95% in July from 19.1% a year earlier

The unemployment rate in Greece fell to 16.95 in July, from 19.1% in July 2018 and 17.1% in June 2019, Greek Statistics Authority ELSTAT said on Thursday. ELSTAT said in its monthly report that the number of unemployed people totaled 797,218 in July, down 109,577 from July 2018 (a decline …

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Unemployment rate in Greece falls to 16.9% in Q2 2019

Greek unemployment rate fell to 16.9 pct of the workforce in the second quarter of 2019, from 19.2 pct in the first quarter and 19 pct in the same period last year, the Greek Statistics Authority ELSTAT said on Thursday. According to the released report, the number of unemployed people …

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Unemployment among university graduates in Greece highest in EU

University graduates in Greece topped the list for the unemployment of young graduates in the EU28, with a 20% unemployment rate.  Greece ranks 25th based on the annual equivalent net income of university graduates, a survey by the General Confederation of Employees of Greece (GSEE) – the biggest trade union …

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Unemployment in Greece falls to 17% in June

Unemployment in Greece and the seasonally-adjusted rate eased to 17 percent of the workforce in June, from 17.1% in May and 19.2% in June 2018, the Greek Statistics Authority ELSTAT said on Thursday. The statistics service said that the number of employed people was 3,928,036 in June, while the number …

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Unemployment in Greece falls to 17.2%, for youth still high with 33.8%

Greek unemployment rate fell to 17.2 pct in May from 19.4 pct in May 2018 and 17.4 pct in April this year, Hellenic Statistical Authority (ELSTAT) said in a report on Thursday. The statistics service said that the number of unemployed totaled 815,166 in May, down 108,124 from May 2018 …

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Unemployment in Greece falls to 17.6% for first time in 8 years

For the first time in eight years, unemployment in Greece feel to 17.6 percent in April 2019. The Hellenic Statistical Authority (ELSTAT) announces the seasonally adjusted unemployment rate for April2019.  The seasonally adjusted unemployment rate in April2019 was 17.6% compared to 19.8% in April2018and the upward revised 18.2% in March2019. …

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Unemployment in Greece decreased to 18.1% but youth joblessness up to 40.4%

The rate of long-term unemployment in Greece has decreased to 12.5% of the unemployed workforce in the first quarter of 2019, when compared to 13.6.% in 2018 and 15.6% in 2017, the Bank of Greece said in its Monetary Policy Report on Monday. This development is important because, as the …

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Unemployment in Greece rises to 19.2% in first quarter of 2019

Greek unemployment rate fell to 19.2 pct of the workforce in the first quarter of 2019, from 21.2 pct in the same period last year, but rose from 18.7 pct in the fourth quarter of 2018, Hellenic Statistical Authority said in a report released on Thursday. The statistics service said …

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