Un­em­ploy­ment climbed to 27.8 per­cent in Oc­to­ber

Fewer than one in ev­ery 10 job­less are re­ceiv­ing ben­e­fits

Kathimerini English - - Front Page - BY CHRISTINA KOPSINI

The job­less rate con­tin­ued to grow in Oc­to­ber, amount­ing to 27.8 per­cent, from 27.7 per­cent in Septem­ber and 26.1 per­cent a year ear­lier, Hel­lenic Sta­tis­ti­cal Au­thor­ity (EL­STAT) data showed yes­ter­day, but equally wor­ry­ing is the in­suf­fi­ciency of the sys­tem to sup­port the un­em­ployed.

The num­ber of job­less in Greece reached 1,387,520 in Oc­to­ber, in­creas­ing by 85,314 in­di­vid­u­als from a year ear­lier. How­ever, there was a sig­nif­i­cant slow­down in jobs lost from the pre­vi­ous year, when the newly un­em­ployed had num­bered 336,763. On a monthly ba­sis the job­less in­creased by 1,111.

The un­em­ploy­ment rate among young peo­ple aged up to 24 came to 57.9 per­cent in Oc­to­ber. The job­less rate among women reached 32.1 per­cent, while the re­gion with the big­gest prob­lem is that of Epirus and Western Mace­do­nia, with 29.7 per­cent un­em­ploy­ment.

The fi­nan­cially in­ac­tive pop­u­la­tion con­tin­ued to grow, com­ing to 3.36 mil­lion peo­ple from 3.34 mil­lion in Oc­to­ber 2012. The num­ber of em­ployed was 3.59 mil­lion. The Gen­eral Con­fed­er­a­tion of Greek La­bor es­ti­mates that the num­ber of the fi­nan­cially in­ac­tive dur­ing 2014 will beat that of the em­ployed by 1.1 mil­lion.

De­spite La­bor Min­istry es­ti­mates for an in­crease in the flow of em­ploy­ment, EL­STAT data showed that on a yearly ba­sis, 94,531 jobs were lost up un­til end-Oc­to­ber 2013. The de­cline is smaller than in pre­vi­ous years, but it does point to a fur­ther con­trac­tion in the la­bor mar­ket.

Mean­while, Man­power Or­ga­ni­za­tion (OAED) data for Novem­ber 2013 showed yes­ter­day that only 9.5 per­cent of the un­em­ployed have ac­cess to the 12-month ben­e­fit for the job­less, which raises se­ri­ous ques­tions about the state’s sup­port sys­tem. Nearly half of the un­em­ployed (48.68 per­cent) are clas­si­fied as long-term – i.e. without a job for over 12 months and have there­fore stopped re­ceiv­ing any ben­e­fits for now.

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