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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.
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EconomyFeatures
More changes needed to unlock private sector's potential, report says Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.
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EconomyMacroeconomy
Employment balance records 33,620 more hirings than departures in June The employment balance remained in positive territory in June with 33,620 more hirings than departures, data from the Labour Ministry’s Ergani information system revealed.
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EconomyMacroeconomy
Unemployment rate stable at 21.2 pct in Q1 The Greek non-seasonally-adjusted unemployment rate came to 21.2 percent in the first quarter (Q1) of the year, remaining unchanged from Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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EconomyMacroeconomy Wages index rises by 2 pct in Q1 and 4.9 pct YoY The seasonally adjusted (SA) Wages Index rose by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of the year, after a rise of 2 percent in Q4 2017, Hellenic Statistical Authority (ELSTAT) figures revealed on Tuesday.
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EconomyMacroeconomy
Hirings balance hits new record high of 108,725 in May The employment balance continued its positive momentum in May with hirings outpacing departures by 108,725, data from the Labour Ministry’s Ergani information system revealed.
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EconomyMacroeconomy Unemployment at 20.1 percent in March Greece’s seasonally adjusted (SA) unemployment rate in March came to 20.1 percent, falling against the downward revised figure of 20.6 percent for February, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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EconomyMacroeconomy
Almost 1 in 3 jobs in private sector are part-time, average full-time salary at 936 euros The Unified Social Security Fund (EFKA), which has since last year seen all the main social insurance funds in Greece come under its umbrella, released on Wednesday its latest employment data.