Employment balance year-to-date posts record despite more departures in July

EconomyMacroeconomy Tags: Labour, Unemployment
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The employment balance turned negative in July, with departures outpacing hirings by 8,610 data from the Labour Ministry’s Ergani information system revealed on Wednesday.

July’s figure reversed the trend of five months of positive employment balance in the Greek job market, with May showing a record high of 108,725. It is also the first negative balance for July since 2015.

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