unemployment

Despite Government Boasting Over Growth, Greeks Get Poorer, Businesses Keep Shutting Down

Greek Prime Minister Alexis Tsipras is packing his bags to leave for the United States for an official meeting with President Donald Trump. With him he will have an entourage of associates and businessmen in order to lure investors to...

Greek Federation of Enterprises Urges for New Investment Policy Mix

The government and the institutions must negotiate a new mixture of investment-friendly policy, during the third review of the Greek programme, aimed at reducing unemployment in a sustainable and not temporary way, the Federation of Hellenic Enterprises (SEV) stressed...

Unemployment in Greece Slides to 21.1% in Second Quarter

The jobless rate in Greece dropped to 21.1 percent in April-to-June from 23.3 percent in the first quarter, according to a Hellenic Statistical Authority (ELSTA) report released on Thursday. ELSTAT has started issuing monthly unemployment reports since they differ according...

Greek Unemployment Eases to 21.2 pct, Still Highest in Eurozone

The Greek unemployment rate eased to 21.2 pct in June from 21.5 pct in May and 23.5 pct in June 2016, the Hellenic Statistical Authority said on Thursday. The statistics service, in a monthly report, said the number of unemployed...

Greek Unemployment Rate Drops Slightly to 21.7% in May

The unemployment rate in Greece recorded a slight drop to 21.7% in May from 21.8% in April, Eurostat said in a report released on Thursday. In the eurozone, the unemployment remained stable to 9.1% and in the EU to 7.7%. A...

Slight Drop in Greece’s Unemployment Rate in May

Greece’s statistics agency ELSTAT announced on Thursday that the unemployment rate dropped slightly to 21.7% in May, from an upwardly revised 21.8% in the previous month. Despite the drop, Greece has still the highest jobless rate in the Eurozone. The seasonally...

Eurostat: Greek Unemployment Rate Eased to 21.7% in April

The Greek unemployment rate eased to 21.7 pct in April from 22 pct in March, Eurostat said in a report released here on Monday. In the Eurozone, the unemployment rate eased to 9.1 pct in June from 9.2 pct in...

Lower Wages and Part Time Work Bring Down Unemployment Figures in Greece

A total 150,000 new jobs in the past three years have brought down the unemployment rate, but this is contributed to lower wages and part time employment, according to the macroeconomic analysis presented in the National Bank monthly bulletin. After...

Half of Greeks Between 18-35 Financially Supported by Family

Almost half of young Greeks say that they are financially dependent on their parents or other close relatives, while only 15% expect to find work in the next six months, a new study shows. Research carried by think-tank Dianeosis on...

Tsipras Hails Drop In Unemployment Sees Increase in Wages

Greek Prime Minister Alexis Tsipras hailed the fall in unemployment figures, describing it as the most positive news of the last years. Visiting the Labor Ministry, he expressed optimism that the decline in unemployment will now be more than 2.5%...