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Labour
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EconomyMacroeconomy
Hirings balance in August turns negative by 7,748 The employment balance slipped into negative territory in August with 7,748 more departures than hirings during the month, data from the Labour Ministry’s Ergani information system revealed.
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EconomyMacroeconomy
Unemployment rate falls to 19 pct in Q2 The Greek non-seasonally-adjusted unemployment rate stood at 19 percent in the second quarter (Q2) of the year, dropping from the rate of 21.2 percent registered in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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EconomyMacroeconomy Q2 wages index falls by 0.4 pct QoQ and rises by 2.6 pct YoY The seasonally adjusted (SA) Wages Index rose by 2.6 percent year-on-year (YoY) in the second quarter (Q2) of the year, after a rise of 4.9 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
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EconomyMacroeconomy
Unemployment at 19.1 pct in June, under 20 pct for second month Greece’s seasonally adjusted (SA) unemployment rate fell to 19.1 percent in June from a downward revised rate of 19.3 percent in May, the Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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PoliticsGreek Politics
Coalition tweaks labour market, lines up more post-MoU changes Prime Minister Alexis Tsipras is putting the finishing touches to the package of policy pledges he is due to make at the Thessaloniki Expo (DETH) on Saturday, but his government has already taken the first, partly symbolic, step in restoring workers’ rights.
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PoliticsGreek Politics
Tax cuts set to lead package of post-MoU pledges by Tsipras Alexis Tsipras is preparing to play one of his final political cards ahead of the next elections by presenting a package of tax cuts and spending increases at the Thessaloniki Expo (DETH) this Saturday.
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EconomyFeatures
Crisis-era productivity in Greece lowest among OECD countries A study by the Organisation for Economic Cooperation and Development (OECD) examining productivity levels over the last seven years found that Greece was the only country surveyed where productivity fell over the period.
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EconomyMacroeconomy
Employment balance year-to-date posts record despite more departures in July 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.
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EconomyMacroeconomy
Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011 Greece’s seasonally adjusted (SA) unemployment rate in May edged down to 19.5 percent from a downward revised rate of 20 percent in April, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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EconomyProgramme![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 insists labour market reforms need to be preserved The IMF has reiterated its key recommendations for Athens and placed strong emphasis on labour policies and continuing reforms that will foster growth and facilitate investment.