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unemployment

Cyprus Records EU’s Largest Unemployment Annual Fall, Data Reveals

Yet more positive news from Cyprus as the unemployment on the island has dropped from 10.5 percent in August 2017 to 7.5 percent in August 2018. More specifically, the unemployment among men fell to 7.0 percent while women saw their rate...

OECD: Unemployment in Greece Affects University and High School Graduates Alike

Despite the fact that unemployment in Greece has decreased to 19 percent, it continues to affect university and high school graduates alike, the newest OECD report says. The Organization for Economic Co-operation and Development study entitled "Education at a Glance...

Greek Unemployment Falls in May

The Greek unemployment rate fell to 19.5 percent (seasonally adjusted) in May from 21.7 percent in May 2017 and 20 percent in April 2018, the Hellenic Statistical Authority (ELSTAT) said on Thursday. In a monthly report the statistics service said...

Greece's Unemployment Highest in Developed World (chart)

Greece tops all countries in the developed world in unemployment according to the Organization for Economic Cooperation and Development’s (OECD) Employment Outlook 2018. Greece has suffered a dramatic spike in unemployment, with the 2017 total climbing to 21.7% of the...

New Data Shows Greek Unemployment Down in March

Greece's seasonally adjusted unemployment rate in March 2018 was 20.1 percent compared to 22.1 percent in March 2017 and the downward revised rate of 20.6 percent in February 2018, the Hellenic Statistical Authority said on Thursday. The number of employed...

Poor Economy Preventing Young Greeks from Starting a Family

Young Greeks wanting to raise a family are being thwarted by the bad state of the economy and unemployment. A report by the Athens-Macedonian News Agency (AMNA) cites young Greeks frustrated at the economic obstacles to starting a family. "I have...

Greek Unemployment Remains High, Despite Eurozone Decline

Greek unemployment remains among the highest in the eurozone, it was revealed on Thursday. Although official data from Eurostat showed eurozone unemployment fell to 8.5 percent in March -- the lowest rate recorded in the euro area since December 2008...

IMF Estimates Lower Growth Rate for Greece

The IMF new assessment for growth in Greece is at 2 percent of gross domestic product, lower than the 2.6 percent forecast six months ago, according to the Fund's latest report. According to the Athens-Macedonian News Agency, the International Monetary...

Most Young Unemployed Greeks Willing to Move for Work

Six out of ten unemployed Greeks aged 20 to 34 are ready to migrate or relocate to another part of Greece in order to find work, a Eurostat survey shows. However, the phenomenon is not limited to Greek youth, as...

Greek Jobless Rate Rises in Last Quarter of 2017

The Greek unemployment rate grew to 21.2 percent in the fourth quarter of 2017 from 20.2 percent in the third quarter of 2017, the Hellenic Statistical Authority (ELSTAT) said on Thursday. Compared to the same period of 2016, it has decreased...