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Unemployment
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyIn its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyThe seasonally adjusted jobless rate dropped to 26.4 percent in July from a downward revised 26.7 percent in June, according to the Hellenic Statistical Agency (ELSTAT).
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IMF lowers medium-term forecasts for Greek debt, 2014 financing needs
EconomyThe International Monetary Fund has provided updated forecasts on the key Greek macro and fiscal figures in its latest World Economic Outlook (WEO) and Fiscal Monitor (FM) reports.
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Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
EconomyMacroeconomyThe non-seasonally-adjusted unemployment rate posted a drop both year on year (YoY) and quarter on quarter (QoQ) to 26.6 percent in Q2 2014 from 27.8 percent in the previous quarter and 27.3 percent in Q2 2013, according to the Hellenic Statistical Authority (ELSTAT).
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Greek unemployment rate hovers at 27 pct in June
EconomyMacroeconomyThe seasonally adjusted jobless rate further slipped to 27 percent in June following a downward revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT).
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyThe seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged at 27.3 percent in the preceding three months, according to the Hellenic Statistical Agency (ELSTAT).
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Greek Q1 unemployment remains at record quarterly high of 27.8 pct
EconomyMacroeconomyThe non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT).
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Unemployment rate edges down for sixth straight month to 26.8 pct in March
EconomyMacroeconomyThe seasonally adjusted jobless rate slipped for the sixth straight month in March, edging down to 26.8 percent from an upwards revised 26.9 percent in February, according to the Hellenic Statistical Agency (ELSTAT).
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Unemployment closes 2013 with new high of 27.5 pct in last quarter
EconomyMacroeconomyThe non-seasonally-adjusted unemployment rate rose to 27.5 percent in Q4, after marginally easing by 0.1 percentage points to 27 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).
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EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
EconomyIn its winter economic forecasts released on Tuesday, the European Commission (EC) notes that recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery.