Labor Market

Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.

60 % of the companies admitted that attracting skilled employees has become more difficult due to wage levels.

Job vacancies have become a significant challenge for the Greek economy, as they continue to grow, halting the country’s economic growth.

According to a labor ministry report, only 0.44% of such eligible businesses and affiliates applied for the extraordinary measure allowing for a six-day work week

According to the latest data from Greece’s Statistical Authority (ELSTAT), job openings soared to a record high of 70,826 positions in the first quarter of 2024, marking a remarkable 115.6% annual increase.

By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019

Spokesman Pavlos Marinakis attempts to detail who exactly will be affected by six-day labor market liberalization; dispel concerns, deflect criticism

Sectors of "continuous operation" acquired right to have employees work a six-day week, at a higher pay scale but losing out on one of two days off

Small businesses have implemented more conservative wage hikes for lower-paying jobs, contrasting with a notable 10% decline in earnings for higher-paid positions.

Greece saw a significant rise in hourly labor costs, increasing by 7.9%, with the business economy experiencing a 10% hike.

Almost half of all college-educated migrants in Europe are overqualified for their jobs and twice as likely as natives to be unemployed, according to Lighthouse Reports

The shortages are due to a combination of factors including the annual hunt for seasonal employees at the start of the tourist season, persistent skills gaps in the IT sector, and a shortage of hands in Greece's booming construction industry.

The encouraging outlook in the IT sector is contrasted by a rather damp hiring outlook on average in the country for the second quarter of 2024

Despite falling continuously in recent years, unemployment among young adults remains high in Greece – in fact, second in the EU, behind Spain. Nonetheless, a recent study shows that certain jobs are in high demand from employers in the greater Athens area. According to a recent LinkedIn study conducted as part of the platform’s annual […]

The increases will be driven by labor market shortages especially in technology and high growth and investment sectors like tourism, communications, infrastructure and energy

Despite the picture presented by the official unemployment rates, Greece is by all accounts facing an acute labor shortage in sectors ranging from primary agriculture production to computer programming. According to a recent survey by the Manpower Group, 82% percent of employers asked in the first quarter of 2023 reported difficulties finding human resource talent, […]

People in Greece apparently work more hours than most other residents of European Union countries, with only Romania and Bulgaria fielding longer labor hours, according to results of a report released this week by the French institute Rexecode. In fact, a worker/wage-earner/self-employed professional’s average weekly employment is far higher than then EU average, more-or-less busting […]

The tourism, food and beverage, construction, industrial, security, technology and agricultural sectors suffer the most from labor shortages in the country