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Tag Archives: unemployment

BoG Report: Greek Economy to Shrink 5% and Unemployment to Skyrocket 19% in 2012

“No reforms, no growth”. That is the conclusion of Giorgos Provopoulos, Bank of Greece chief, in his report for Greece 2012. Economy will shrink by 5% and unemployment will be over 19%, even if Greece sticks to reforms and the fiscal adjustment, as dictated by the second bailout. Nice perspective… Greece΄s …

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Unemployment in Greece: One Job Vacancy, 650 Candidates

Easter here and Resurrection there, Greeks struggle to make a living amid rampant unemployment. 1,000 people were losing daily their work places in January 2012 and unemployment exploded to 21.8%. In comparison: 14.8% in Jan 2011 and 21.2% in Dec 2011). The efforts to get a job and make ends meet are endless and often …

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EC Report – Greece: Unemployment, Income Losses, Poverty

Greece is going from bad to worse. That’s no news, but when it comes summarized through the official data from the European Union it is really impressive.  In its querterly report on employment and the social situation in the opean Union, the European Commission states that 370,000 jobs were lost in the first three quarters …

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Job Interview in Recession-Hit Greece (Hilarious Video)

The days are longer. Ahead are six months full of sun and hope.  New week, new opportunities. Time to get a job, if you don’t have one. However, beware! As recession prevails and high unemployment makes the struggle for even a low-paid job a competition without compare. Take a look on how …

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ELSTAT: Greek Unemployment Hit 21% in Dec 2011

Unemployment in Greece is out of control as it breaks one record after the other. According to Greek Statistics Authority, unemployment reached 21% in December 2011 with the number of jobless Greeks exceeding one million people. In comparison, unemployment was 14.8% in December 2010 and 20.9% in November 2011. The total …

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Unemployment Benefit Goes Down to Ridiculous €359 per Month

Greece rushed to obey to its lenders dictates ahead the Eurogroup meeting on Thursday afternoon. Just a couple of hours earlier the Ministries of Finance and Labour had hastily signed an agreement that the unemployment benefit will undergo reductions of 22% as the minimum wages. Unemployed Greeks will receive (ridiculous) €359 per …

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EUROSTAT: Unemployment in Greece at 19.2% in Oct 2011

What we see and hear everyday, it has been now recorded in statistics. Unemployment reached 10% among the EU member countries and Greece is holding one of the leading positions, according to EUROSTAT, the EU Statistics Authority. While the number of jobless reached 19.2 in October 2011, the number of young people (under …

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Greece’s Unemployment Hits New Record with +18.2% in Oct 2011

Unemployment in Greece hit a new record in October 2011 with 18.2% of the population being without job. In September 2011 unemployment was 17.5% and a year earlier (Oct 2010) 13.5%. According to Greek Statistics Authority (ELSTAT) 903,525 Greeks have no job and the number of economically active, i.e. people who earn …

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Greece: Unemployment at 17.5% – 20K New Jobless Every Month

I should have started this post with a sentence like “Shocking data” or “Dramatic increase” but I don’t. I am neither shocked nor surprised about the new unemployment rate. Greek Statistics Authority ELSTAT issued the new data for September 2011. Unemployment is at 17.5% which translates into 857,656 people without a …

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500K Greeks Have Zero-Income in First Half of 2011

The figures are merciless: 500,000 households in Greece have zero-income, as there is no household member with a work.  If you take into consideration that these data is based on employees only and do not include the self-employees, the reality must be much worst. The report prepared by the Bank …

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900K Greeks Without Job – Unemployment at 18.4% in August

Unemployment reached 18.4% in the month of August breaking the ‘barrier’ of 900K. According to data released by the Greek Statistics Authority (ELSTAT) 90,000 people lost their job last August. the total number of unemployed Greeks is 907.953. The news is more than shocking, then the summer months consider as …

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Greeks Queue For Jobless Allowance… Just €460 per Month

After two days of strikes in public sector Greeks rushed to state banks and unemployment offices. Payday! Where pensions and unemployment allowance are paid on certain days of the month. Older neighbors reported that they had to wait 2-3 hours to get their pensions, in the average 600 EUR. But worst …

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IMF Report on Greece: Growth -2%, Unemployment 18.5% for 2012

Ominous are the forecasts of the International Monatery Fund for the Greek economy and it sees no exit from the black tunnel we are in. In its Global Report – Autumn 2011, published a couple of days ago, the IMF forecast shocking data for growth and unemployment. In fact it sees …

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Jobless Allowance Increases at 7.25 euro

This is a real great news in times of austerity, recession and depression! A great relief for all jobless in Greece. The monthly allowance for unemployed is to increase from 454.25 to 461.5 euro. The amazing amount of €7.25 more per month can supply the jobless with one chicken and a …

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