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Labour
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Wages index improves 1 pct in Q1 but falls QoQ for second straight quarter
The seasonally adjusted (SA) Wages Index rebounded for the sixth successive quarter by 1 percent year on year (YoY) in the first quarter (Q1) of 2017 after edging up by 0.2 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures revealed on Friday.
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Unemployment rate falls to new five-year low of 22.5 pct in March
Greece’s seasonally adjusted unemployment declined to 22.5 percent in March from a downwardly revised rate of 22.9 percent in February, ELSTAT's labour force survey revealed on Thursday.
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Net job hirings reach new high of 89,534 in May, 5-month figure a record
The employment balance stayed positive in May 2017 with net hirings climbing by around 13,000 to 89,534 from 76,591 a year ago, data from the Labour Ministry’s Ergani information system revealed on Wednesday.
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Unemployment rate slips to 23.2 pct in Feb, lowest for last five years
Greece’s seasonally adjusted (SA) unemployment edged down to 23.2 percent in February from a downward revised rate of 23.3 percent in January, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
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Net job hirings hit high of 92,132 in April, driving 4-month figure to new record
The employment balance remained positive in April 2017, with net hirings rising to 92,132 from 90,631 last year, data from the Labour Ministry’s Ergani information system revealed on Tuesday.
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Details of technical agreement between Greece and lenders set out in draft sMoU
The updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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Greece agrees package of measures with IMF, eurozone to seal review
Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
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Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
Greece’s seasonally adjusted (SA) unemployment stayed stable at 23.5 percent in January 2017 after an upward revision of the December figure, which was initially reported at 23.1 percent, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
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Compromise proposal on table ahead of Friday's Eurogroup
Following a meeting in Brussels on Tuesday evening between representatives from the institutions and the Greek government, a compromise agreement on the fiscal measures beyond 2018 appears to be on the table.
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Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
The employment balance remained positive in March 2017, with net hirings climbing to 38,517 from 29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday.