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Unemployment
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Part-time work, low pay characterise crisis-era job market
SocietyResearch by the Centre of Athens Labour Unions (EKA) has shown that women and young workers were hardest hit by changes in Greece’s post-crisis job market.
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Net job hirings balance negative by 16,542 in January
EconomyMacroeconomyThe employment balance turned negative in January as departures outpaced hirings by 16,542 for the first month of 2018, data from the Labour Ministry’s Ergani information system revealed.
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Three in 10 workers in part-time jobs, earning less than 400 euros
SocietyFigures from the Unified Social Security Fund (EFKA) have revealed that around 30 percent of all paid employment falls under part-time work, with corresponding salaries remaining low.
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeaturesA study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices.
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Unemployment rate at 20.9 pct in November, slight upward revision for October
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 20.9 percent in November after October’s figure was revised upward to 20.9 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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Net job hirings balance positive by 15,315 in December
EconomyMacroeconomyThe employment balance returned to positive territory in December as hirings outpaced departures by 15,315, data from the Labour Ministry’s Ergani information system revealed on Monday.
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Unemployment rate at 20.7 pct in October, previous month revised upwards
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 20.7 percent in October after the upward revision of September’s figure to 20.8 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
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Number of private sector employees rises in 2017 but wages fall
EconomyMacroeconomyThe annual data from the Labour Ministry’s information system (Ergani) detailed the figures on private sector companies and workers in 2017.
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Entrepreneurs show lack of innovation, face many barriers to entry, study suggests
EconomyFeaturesThe business environment in Greece continues to pose a challenge for both new and existing entrants according to the Foundation for Economic and Industrial Research’s (IOBE) latest annual report on entrepreneurship in Greece.
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Unemployment rate falls to 20.2 pct in Q3, lowest for almost six years
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate fell to 20.2 percent in the third quarter (Q3) of 2017 from 21.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.