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Unemployment
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EconomyMacroeconomy
Unemployment down for second straight month in August, falls to 24.6 pct Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month to 24.6 percent in August from a downward revised 24.9 percent in July, the Hellenic Statistical Agency (ELSTAT) labour force survey showed on Thursday.
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Economy
EC sees milder Greek recession in 2015, debt ratio to climb to 200 pct in 2016 In its autumn economic forecasts published on Thursday, the European Commission (EC) revised its estimates on the Greek economy to take into account the uncertainty surrounding the bank holiday and the imposition of capital controls in late June.
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EconomyMacroeconomy
Unemployment unchanged at 25 pct in July Greece’s seasonally adjusted (SA) unemployment rate remained stable at 25 percent in July, following a downward revision of the figure for June, the Hellenic Statistical Agency (ELSTAT) labour force survey displayed on Thursday.
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Economy![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF aligns Greek projections with EU, revises down GDP In its latest World Economic Outlook (WEO) published on Tuesday, the IMF presented its updated macro forecasts on Greece, which are based on data available on August 12.
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EconomyMacroeconomy![en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/10/10/unemployment_1000_myrto_1010-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps After increasing in the preceding two quarters, the non-seasonally-adjusted unemployment rate fell by two percentage points (pp) to 24.6 percent in the second quarter (Q2) of 2015 from 26.6 percent in Q1, the Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
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EconomyMacroeconomy
Unemployment rate edged up to 25.2 pct in June Greece’s seasonally adjusted (SA) unemployment rate edged up to 25.2 percent in June from 25 percent in May, the Hellenic Statistical Agency (ELSTAT) said on Thursday. The June headline figure indicates the second lowest reading in the course of 2015.
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EconomyMacroeconomy Unemployment rate fell to 25 pct in May, its lowest level in the last three years Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month in May, when it dropped to 25 percent in May from 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT).
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EconomyMacroeconomy Unemployment rate slips to 25.6 pct in April, lowest since July 2012 Following an upward revision of Greece’s seasonally adjusted (SA) unemployment rate to 25.8 percent in March, the jobless rate eased to 25.6 percent in April, according to the Hellenic Statistical Agency (ELSTAT). Along August 2012 reading, the April headline figure indicates the lowest reading since July 2012.
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Society![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/05/younggreeks_1000_myrto_0411-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment, cronyism and corruption fuel Greek brain drain Unemployment, cronyism and corruption are the main reasons pushing Greece’s educated youth to seek work abroad, according to research recently conducted by the business services ICAP Group.
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EconomyMacroeconomy
Unemployment edges up for second consecutive quarter in Q1, reaches 26.6 pct The non-seasonally-adjusted unemployment rate continued heading north for the second successive quarter to 26.6 percent in the first quarter (Q1) of 2015 from 26.1 in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).