Greece
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unemployment

More than One in Four Young Greeks are Not Working or Studying

More than one in four young Greeks aged 20-34 do not work or study, according to the latest Eurostat figures for 2018. Greece is in the second-worst position among the members of the European Union, as 26.8 percent of young...

Greek Unemployment at 19.2 Percent in First Quarter of 2019

The Greek unemployment rate fell to 19.2 percent of the workforce in the first quarter of 2019. This rate is a substantial decrease from the 21.2 percent seen in the same period last year, but an increase from the...

Greek Unemployment Down 2.1 Percent in February of 2019 Compared to Year Prior

The Greek Statistical Authority (ELSTAT) issued a report on Thursday which shows that unemployment in Greece fell from 20.6 percent in February of 2018 to 18.5 percent in February of 2019. The unemployment rate also recorded a small decline on a...

Greece Records Largest Annual Unemployment Decrease in EU for 2018

Greece recorded the largest annual unemployment rate decrease in the EU for 2018, Eurostat disclosed in a report which was released on Monday. The European Executive's Statistics Service noted that the Greek unemployment rate fell a full 2.8 points, from 20.8...

New Survey Finds One in Three Greek Employers Plan to Hire More Staff

Approximately one out of three Greek employers plan to hire more staff in the coming three months, a new survey published on Wednesday suggests. According to the findings of the survey, conducted by ''ManpowerGroup,'' a company which provides data to...

Greek Unemployment in December Lowest Since July of 2011

Greece's jobless rate dropped to 18% in December from a downwardly-revised 18.3% in the previous month, data from the country's statistics service ELSTAT showed on Thursday. December's unemployment rate was the lowest reading since July of 2011. Seasonally-adjusted data showed the...

Greece Raises Minimum Wage to €650, Nixes Sub-Minimum for Under-25s

Greek Prime Minister Alexis Tsipras announced on Monday that the nation will raise its minimum wage to €650 ($745) per month, and his government will abolish the ''sub-minimum'' wage which has been paid to those under the age of 25. Tsipras declared...

Greek Unemployment Falls; Still Highest in Europe

The Greek unemployment rate fell slightly to 18.6 percent of the workforce in September 2018 from a level of 18.9 percent in August, Eurostat said on Wednesday. In its latest report, released this week, the E.U. statistics agency said that...

Greece Has Highest Unemployment in the EU

Although unemployment in Greece dropped from 19 percent in July to 18.9 percent in August, it remains the country with the highest unemployment rate in the EU. According to the EU official statistical authority Eurostat, in October joblessness in the...

Report: Nearly Half Greece's Active Population Out of Work

According to the Hellenic Federation of Enterprises' weekly economic bulletin published on Thursday, 44.7 per cent of the economically active population in Greece is out of work. More specifically, between the ages of 15 and 64 years old, 55.3 per...