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Unemployment in Greece falls to 17% in June

September 5, 2019 Economy Comments Off on 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 …

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

August 8, 2019 Economy Comments Off on 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 …

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

July 11, 2019 Economy Comments Off on 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. …

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

July 2, 2019 Economy Comments Off on 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 …

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

June 13, 2019 Economy Comments Off on 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 …

Greece’s Unemployment drops to 18.1%, the lowest since July 2011

June 7, 2019 Economy Comments Off on Greece’s Unemployment drops to 18.1%, the lowest since July 2011

Greece’s unemployment rate eased to 18.1% in March from a downwardly revised 18.4% in the previous month, data from the country’s statistics service ELSTAT showed on Thursday. The jobless rate in March was the lowest reading since July 2011. However, unemployment among youth remains high at 40.4%. Seasonally adjusted data …

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

May 11, 2019 Economy 1

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 …

Unemployment benefits are counter-productive, says New Democracy

April 22, 2019 Economy 2

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 …

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

April 2, 2019 Economy Comments Off on 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 …

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

February 21, 2019 Economy Comments Off on 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 …

Lagarde urges EU South countries to fight youth unemployment with “reforms”

February 15, 2019 Economy 1

Managing Director of International Monetary Fund, Christine Lagarde, urged the countries of the European South to proceed with the famous “structural reforms” in order to combat the high rates of youth unemployment. Of course, she forgot that the reforms the IMF enforced to these countries sent thousands of Greeks, Portuguese …

Greece’s unemployment rate at 18.5%, youth with out job at 39.1%

February 8, 2019 Economy 1

Greece’s unemployment rate dropped to 18.5 pct in November 2018 from 21.1 pct in November 2017 and 18.7 pct in October 2018, the Hellenic Statistical Service (ELSTAT) said in a report on Thursday. Youth unemployment (age group 15-24) remains high with 39.1 pct. Seasonally adjusted, the number of employed in November …

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

January 10, 2019 Economy Comments Off on 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 …

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

November 8, 2018 Economy Comments Off on 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 …

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

October 15, 2018 Economy Comments Off on 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 …

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

October 6, 2018 Economy Comments Off on 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 …

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

September 7, 2018 Economy Comments Off on 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 …

Unemployment rises to 22.29% in July despite seasonal work places

August 21, 2018 Economy Comments Off on 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 …

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

August 9, 2018 Economy Comments Off on 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. …

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

July 12, 2018 Economy Comments Off on 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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