Un­em­ploy­ment drops to 25.9 pct in Au­gust

Kathimerini English - - Focus - BY ROULA SALOUROU

Hir­ings in Greece posted a 42 per­cent rise on an­nual ba­sis in the first 10 months of the year as un­em­ploy­ment con­tin­ues to show signs of a small de­crease ac­cord­ing to data pub­lished yes­ter­day by the Hel­lenic Sta­tis­ti­cal Au­thor­ity (ELSTAT), the Man­power Or­ga­ni­za­tion (OAED) and the La­bor Min­istry’s on­line Er­gani reg­is­ter.

The job­less rate re­mained high in Au­gust, at 25.9 per­cent, ac­cord­ing to ELSTAT’s sea­son­ally ad­justed fig­ures, from 26.1 per­cent in July and 27.8 per­cent in Au­gust 2013. The num­ber of un­em­ployed fell by 112,186 peo­ple in Au­gust com­pared to a year ear­lier (down 8.3 per­cent) to reach 1,242,219 peo­ple.

The num­ber of em­ployed grew by just 32,636 from Au­gust 2013, ris­ing to 3,551,148 in­di­vid­u­als, while the eco­nom­i­cally in­ac­tive in­creased by 29,196 peo­ple yearon-year to 3,334,759.

The high­est job­less rate can still be found in the 15-24 age group, although it has dropped con­sid­er­ably, to 49.3 per­cent from 58.6 per­cent in Au­gust 2013. Next is the 25-34 age group, which saw its rate slip to 32.7 per­cent from 37.7 per­cent a year ear­lier. Un­em­ploy­ment among men has dropped from 24.6 per­cent to 23.1 per­cent in a year, while for women the fig­ure has fallen from 32 per­cent to 29.5 per­cent.

The de­cline in un­em­ploy­ment con­tin­ued in Septem­ber, with OAED fig­ures show­ing that the num­ber of regis­tered un­em­ployed shrank by 6,837 in­di­vid­u­als, as those seek­ing work through OAED came to about 968,100. Just 111,072 peo­ple re­ceived un­em­ploy­ment ben­e­fits in Septem­ber, with more than half (53.9 per­cent) of the to­tal regis­tered un­em­ployed hav­ing spent more than 12 months out of work. There were also 135,482 regis­tered un­em­ployed who were not seek­ing work.

As in Septem­ber, the sea­sonal character of the Greek econ­omy was also ev­i­dent in the Er­gani reg­is­ter’s Oc­to­ber fig­ures, which showed a deficit of 66,636 jobs: Hir­ing an­nounce­ments num- bered 151,110, while de­par­tures came to 217,746, fol­low­ing the pat­tern seen ev­ery Oc­to­ber on record.

How­ever, when ex­am­in­ing the com­plete data for the first 10 months of the year, it is clear that the la­bor mar­ket is im­prov­ing: Hir­ings added up to 1,338,038, post­ing an­nual growth of 42.5 per­cent, while de­par­tures reached 1,217,751. There­fore, in the year to end-Oc­to­ber, the num­ber of new hir­ings out­stripped fir­ings by 120,287 new jobs. This comes on top of the sim­i­lar growth of 130,703 jobs regis­tered in the first 10 months of last year. Th­ese fig­ures have been the two big­gest salaried la­bor mar­ket in­creases since 2001.

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