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unemployment

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...

Greek Unemployment Drops to Lowest Level Since 2011

Greek unemployment rate fell to 18.9 percent of the workforce in August, falling to its lowest level since August 2011, according to figures released on Thursday by the Hellenic Statistical Authority (ELSTAT). The number of unemployed people fell by 95,760...

Cyprus: Unemployment Hits 9-Year Low

The number of the unemployed individuals registered with Cyprus’ District Labor Offices declined in October to the lowest level in nine years, according to data released on Monday by the Cyprus Statistical Service (Cystat). According to Cystat, the number of...

Greece: Hundreds of Thousands of New Jobs in 2018, Half of Them Part-Time, Data Reveals

The period between January and September of 2018 held some good and some bad news for Greece's economy and more specifically the issue of unemployment and new jobs. According to the official database ''Ergani'' of the Greek Labor Ministry, during...

Greece's Unemployment Falls To 19 pct in July, Data Reveals

Greece’s unemployment rate fell to 19 percent of the workforce in July from 19.1 percent in June and 20.9 percent in July last year, according to the Hellenic Statistical Authority's report released on Thursday. The statistics service, in a monthly report,...

Greeks the Most Unhappy Citizens in Europe

Greeks are the least satisfied with their lives among citizens in Europe, according to a report in the electronic version of German financial magazine WirtschaftsWoche. The report is based on a survey of Greek citizens conducted for the annual Atlas...