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Net job hirings rise again, reaching 19,281 in July - highest since 2001
EconomyMacroeconomyThe employment balance was kept positive for the sixth successive month with net hirings reaching 19,281 in July 2016 from net departures of 16,658 a year ago, the Labour Ministry’s information system (Ergani) data showed on Thursday.
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Unemployment rate stable at 23.5 pct in May after upward revision for April
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained stable at 23.5 percent in May after the April figure, initially reported at 23.3 percent, was increased to the same figure, the Hellenic Statistical Authority’s (ELSTAT) labour force survey showed on Thursday.
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Net job hirings hit 33,608 in June, highest since 2001
EconomyMacroeconomyThe employment balance remained positive for the fifth straight month showing net hirings of 33,608 in June 2016, up by 25,018 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data displayed on Friday.
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Lenders flag up minimum wage, trade union law among issues to be examined in next review
EconomyProgrammeIn a 21-page report that was submitted by the institutions to the Labour Minister Giorgos Katrougalos at the end of June and was leaked by Greek daily Eleftheros Typos on Sunday, the country’s lenders detail their proposals on the labour market reforms, which would form the base of discussions in the context of the second programme review.
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IMF sets out key priorities for Greece, including labour market flexibility
EconomyIn its staff report for the 2016 article IV consultation on euro area policies released on Friday, the International Monetary Fund highlighted labour market flexibility, strengthening competition and improving business environment as the key reform priorities for Greece.
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Unemployment rate falls again, reaching 23.3 pct in April - lowest since March 2012
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell for the third straight month in April, when it declined to 23.3 percent from a downward revised 23.7 percent in March, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
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Coalition wants next review to be swift despite labour reform complications
PoliticsGreek PoliticsThe Greek government sought on Wednesday to allay fears about the next programme review being drawn out over a long period of time despite the fact that Athens seems prepared to stand its ground over some of the reforms being demanded by the institutions.
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate rose for the second successive quarter to 24.9 percent in Q1 of 2016 from 24.4 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
EconomyMacroeconomyThe employment balance displayed net hirings of 76,591 in May 2016, down by 9,555 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data showed on Wednesday.
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Labour laws already emerging as key issue for next bailout review
PoliticsGreek PoliticsEven though the first review of Greece’s third bailout has barely concluded, attention is already shifting to the next review this autumn, which also promises to be far from straightforward.