unemployment

Unemployment in Cyprus dropped in December 2014 to 16,4%, compared to 16,6% in November 2014. According to Eurostat, the euro area seasonally-adjusted unemployment rate was 11.4% in December 2014, down from 11.5% in November 2014. This is the lowest rate...

Portugal is not a signatory to a possible Greek request for debt restructuring, clarified earlier today the country’s Prime Minister, Pedro Passos Coelho. Addressing the Portuguese Parliament, Coelho assured that he does not intent to participate in any team...

According to Eurostat, unemployment in Greece remains the highest in the EU (25.8% in October), with Spain (23.7% based on December) in second place. However, on an annual basis, unemployment rate decreased from 27.8% to 25.8%. Furthermore, just in October, the number...

The National Confederation of Greek Commerce (ESEE) appeared supportive toward the newly elected Greek government's proposal to gradually restore the country's minimum wage to 751 euros. In a statement issued on the matter, ESEE estimated that such a development will...

Greek main opposition SYRIZA leader Alexis Tsipras delivered his main speech in Omonoia Square, downtown Athens, ahead of the upcoming January 25 general elections. Addressing an audience of thousands of SYRIZA supporters, Tsipras appeared confident that his party will be victorious after...

More than 200,000 young, talented Greeks with university degrees and skills have left the country during the economic crisis of the past five years, according to a feature in The Guardian. The British newspaper calls them Generation G and talks...

The Cyprus seasonally - adjusted unemployment rate was 16.8% in November 2014, up from the 16.5% in October 2014, according to the figures published by Eurostat the statistical office of the European Union. The euro area seasonally adjusted unemployment rate...

The critical challenges the European Union is currently facing as well as the importance of the role he has undertaken were centered in the meeting between the European Union Commissioner for Migration, Home Affairs and Citizenship under the Juncker...

Unemployment rate in Greece dropped to 25.5% during the third quarter of 2014, according to data released by the Hellenic Statistical Authority (ELSTAT). The number of employed Greeks rose to 3,586,885 while the unemployed reached 1,229,370, thus reducing the unemployment rate...

The recovery of the Greek labor market continued in September with unemployment rate falling to 25.7%, the lowest reading since August 2012. The rate was in line with expectations and down from August's (upward revised) 26% figure. Youth unemployment rate (courtesy of Eurostat)...