New data shows 6.2 pct of Greek labour force in gray area

EconomyMacroeconomy Tags: ELSTAT, Labour, Unemployment
Photo by Harry van Versendaal
Photo by Harry van Versendaal

Three new indicators released on Monday by the Greek statistical authority, ELSTAT, paint an even grimmer picture of Greece's labour market than the one most experts had considered until now.

According to standard definitions and measures of unemployment, a population is classified in three categories, employed, unemployed and inactive. The new indicators come to add more dimensions to the labour force by measuring three new categories. 

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