Wor­ry­ing shrink­age in Oc­to­ber em­ploy­ment

Kathimerini English - - Focus - BY ROULA SALOUROU

Wor­ries are grow­ing over the course of the lo­cal la­bor mar­ket, as salaried em­ploy­ment fell by a con­sid­er­able 82,810 jobs last month, hit­ting a 15-year low. And this dur­ing a pe­riod when six out of the ev­ery 10 jobs cre­ated be­long to the flex­i­ble-la­bor cat­e­gories.

Ac­cord­ing to the La­bor Min­istry’s Er­gani database, the bal­ance be­tween hir­ings and de­par­tures in the first 10 months of the year re­mained pos­i­tive, with a to- tal of 162,795 more jobs, which is the best per­for­mance recorded since 2001. How­ever the steep de­cline seen in Oc­to­ber, along with the ever grow­ing trend in fa­vor of part-time and other forms of flex­i­ble la­bor are gen­er­at­ing con­cern at the min­istry.

Er­gani data showed that hir­ings amounted to 185,895 last month, while de­par­tures num­bered 268,705, of which 78,337 were vol­un­tary and 190,368 con­cerned con­tract ter­mi­na­tions. This rep­re­sents a con­sid­er­able con­trac­tion, even though Oc­to­ber is usu­ally a month when job losses rise due to the end of the tourism sea­son. Last month the loss of jobs was much higher than in Oc­to­ber 2015 when the neg­a­tive bal­ance had come to 56,473 (i.e. over 26,000 fewer jobs lost than this year).

Out of the sum of new hir­ings recorded last month, the min­istry an­nounced on Thurs­day that 61.68 per­cent con­cerned part­time or shift work. Flex­i­ble la­bor was also dom­i­nant in the first 10 months of the year, ac­count­ing for 54.22 per­cent of new po­si­tions, while full-time em­ploy­ment con­cerned 45.78 per­cent of new jobs.

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