Un­em­ploy­ment fig­ures re­veal a slightly im­proved pic­ture in April

Kathimerini English - - Focus - SOTIRIS NIKAS

The job­less rate in Greece is show­ing signs of de­cline and em­ploy­ment ap­pears to be grow­ing, ac­cord­ing to the lat­est fig­ures of the Hel­lenic Sta­tis­ti­cal Au­thor­ity (ELSTAT), but un­em­ploy­ment re­mains far above that of all other Euro­pean mem­ber-states of the Or­ga­ni­za­tion for Eco­nomic Co­op­er­a­tion and De­vel­op­ment (OECD).

In April the job­less rate de­clined to 23.3 per­cent, from 23.7 per­cent in March and 25.3 per­cent in April 2015. The num­ber of un­em­ployed in­di­vid­u­als came to 1,115,443, while the to­tal num­ber of peo­ple at work reached 3,676,880, up 3 per­cent from a year ear­lier.

OECD data show that em­ploy­ment is nine per­cent­age points lower than where it was be­fore the begin­ning of the fi­nan­cial cri­sis in Greece. At the end of 2015 the em­ploy­ment rate as a share of the work-able pop­u­la­tion came to 44.7 per­cent, com­pared with 53.7 per­cent in the last quar­ter of 2007. The OECD ex­pects that the rate will have re­bounded to 46.8 per­cent by the last quar­ter of 2017, thereby re­main­ing a long way from the pre-cri­sis level.

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