BUSINESS

Unemployed increased by 2 pct in July

ROULA SALOUROU

TAGS: Economy

A 2 percent increase was recorded in unemployment registrations for July compared to the previous month by the Greek Manpower Employment Organization (OAED). The total number of people out of work numbered 952,550.

As demonstrated by the Ergani database, which records employment flows, the imposition of capital controls proved detrimental to the balance of the Greek labor market in previous months.

From June to July, amid the summer tourist season, OAED added another 19,090 jobless individuals to its figures. Only 10 percent of those registered receive OAED’s unemployment benefits.

Of the registered jobless in July, 56.29 percent were long-term unemployed, meaning they had been out of work for longer than 12 months. Of those claiming unemployment benefits, more than half are aged between 30 and 44 years. The majority of the unemployed also come from this age group. Next is the 45-54 age category.

The figures show women are more likely than men to be unemployed. Those with a degree or graduates of higher education made up 19.82 percent of the jobless.
 

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