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Unemployment
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Unemployment rate slips to 23.2 pct in Feb, lowest for last five years
EconomyMacroeconomyGreece’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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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyThe recovery of the Greek economy is expected to restart this year, largely on the back of improving consumer and investor sentiment, the European Commission (EC) noted in its spring economic forecasts published on Thursday.
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Net job hirings hit high of 92,132 in April, driving 4-month figure to new record
EconomyMacroeconomyThe 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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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyThe publication of the International Monetary Fund’s World Economic Outlook (WEO) on Tuesday revealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October.
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Unemployment rate at 23.5 pct in Jan, stable from upward revised Dec figure
EconomyMacroeconomyGreece’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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Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
EconomyMacroeconomyThe 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.
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Unemployment rate up to 23.6 pct in Q4, down to 23.5 for 2016
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate increased to 23.6 percent in the fourth quarter (Q4) of 2016 from 22.6 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
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Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date
EconomyMacroeconomyThe employment balance remained positive in February 2017 with net hirings soaring to 24,938 from 14,437 last year, data from the Labour Ministry’s Ergani information system revealed on Thursday.
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Unemployment rate stable for third month at 23.1 pct in Dec
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment remained stable at 23.1 percent in December, following revisions of the previous two months’ data, Hellenic Statistical Authority (ELSTAT) labour force survey revealed on Thursday.
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Poverty rate jumped by over 40 pct during crisis, more than anywhere in EU
SocietyGreece saw its rate of poverty increase by more than 40 percent during the economic crisis, the highest jump in any EU state, according to a new German study that measures poverty in a “multidimensional” way.