unemployment

A series of measures to support low-income families, unemployment benefits in Greece, and pensions, announced by Greek PM Kyriakos during his TIF address last week were detailed on Thursday.

As for the increase in the minimum wage, she reminded that it currently stands at 830 euros with the government’s goal being to reach 950 euros by 2027.

The number of persons employed amounted to σε 4,327,825, ELSTAT reports

The number of employed persons amounted to 4,229,548, up by 26,303 compared with July 2023 (0.6%) and down by 46,286 persons compared with June 2024 (-1.1%).

According to Eurostat, Greece's high levels of youth unemployment hits recent university grads particularly hard, making it the third-worst country in the EU for recent grads to find a job.

PM Mitsotakis reminded that the unemployment rate fell to 9.6% in June 2024, down from 10.3% in May 2024 - the lowest level since the same month in 2009

The unemployed population dropped to 456,663, showing a significant decrease of 85,865 from June 2023 (-15.8%) and a reduction of 30,629 from May 2024 (-6.3%).

The PM urged people to watch Coldplay's latest video clip shot at the Odeon of Herodes Atticus

ELSTAT said the number of employed persons is estimated at 4,249,074, marking a 1.3% uptick compared to May 2023

The data, covering 2023, revealed that young Greek men were the worst in the whole EU recording a NEET rate of 14.8%

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Unemployment rates are highest among women, young people up to 24 years old, residents of the Ionian Islands, and those with only a few years of primary education.

The number of unemployed individuals stood at 492,867 persons, a drop of 47,319 persons compared to March 2023

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.

Downward unemployment trend continues in east Mediterranean country

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

Of the women surveyed, 81% have completed secondary and tertiary education, while only 18% have completed only primary education

Figure still higher than Eurozone average; jobless figure falls to 10.5% in 4Q 2023, according to Hellenic Statistics Authority (EL.STAT)

The central bank forecasts were listed in the "Note on the Greek Economy" report