BUSINESS

Registered jobless increases in July

TAGS: Economy

July’s increase of 36,185 in the number of unemployed people registered by the state's Manpower Organization (OAED) confirms the slowdown in the decline of the unemployment rate.

The latest data comes a week after the Labor Ministry’s Ergani database showed there were more job losses than hirings in July, the peak of the tourist season.

As another set of statistics from the Hellenic Statistical Authority (ELSTAT) showed that the unemployment rate dipped to 19.5 percent in May, the lowest rate since September 2011, ELSTAT’s job figures for June and July will be keenly awaited to see if they confirm or buck the trend.

According to the OAED, the total number of unemployed stood at 959,438 in July, an increase of 36,185 compared to the previous month and 31,134 on July last year. Some 55 percent of all registered unemployed, or 528,098 people, were out of work for a year or more.

Of the registered unemployed that have declared to OAED that they are seeking work (827,854), over 58 percent have been registered for 12 months or more, with women (65 percent) far outnumbering men (35 percent).

The OAED data showed that only 11.4 percent of the registered unemployed receive unemployment benefit. It also showed that most of the unemployed (38.5 percent) come from the 30-44 demographic.

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