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EconomyMacroeconomy
Unemployment rate stable at 23.5 pct in May after upward revision for April Greece’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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EconomyMacroeconomy
Net job hirings hit 33,608 in June, highest since 2001 The 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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EconomyProgramme
Lenders flag up minimum wage, trade union law among issues to be examined in next review In 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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Economy![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 sets out key priorities for Greece, including labour market flexibility In 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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EconomyMacroeconomy
Unemployment rate falls again, reaching 23.3 pct in April - lowest since March 2012 Greece’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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PoliticsGreek Politics
Coalition wants next review to be swift despite labour reform complications The 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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EconomyMacroeconomy
Unemployment up for second straight quarter to 24.9 pct in Q1 The 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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EconomyMacroeconomy
Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row The 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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PoliticsGreek Politics
Labour laws already emerging as key issue for next bailout review Even 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.
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EconomyMacroeconomy
Unemployment rate eases to 24.1 pct in March, lowest in four years Greece’s seasonally adjusted (SA) unemployment rate edged down further to 24.1 percent in March from 24.2 percent in February, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.