Saturday Jul 26, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Labor market showing signs of gradual recovery

 March unemployment drops to 26.8 pct as tourism boosts hirings

Three different statistical sources confirm that the jobs market is firmly on the road to recovery, meaning that the estimates that started coming from the Labor Ministry last year regarding a halt to the growth of unemployment have been proved correct, despite reservations by the unions. Another positive sign concerns the salary increases in most new collective contracts.

The official jobless rate for March 2014 was 26.8 percent, posting another monthly decline from Februarys upwardly revised rate of 26.9 percent and a clear drop on an annual basis from March 2013, when the rate had stood at 27.2 percent, according to figures released on Thursday by the Hellenic Statistical Authority (ELSTAT). The unemployed in March numbered 1,274,843 down 2.3 percent, or 29,420 people, from March 2013.

Labor Minister Yiannis Vroutsis released on Thursday the May figures from the ministrys Ergani database, which showed 59,470 more hirings than firings last month. Most of the new jobs are connected with the start of what is expected to be a record tourism season, as they concern positions such as waiters, bartenders, hotel and restaurant cooks and so on. Notably, three in every four new positions have been filled by people aged under 44 years. The majority of new jobs (57.1 percent) are full-time.

Ministry figures also revealed that in seven out of the 11 new collective contracts signed at enterprises last month the raises agreed ranged between 5 and 16.9 percent. The other four contracts, which entailed salary cuts, concerned firms with fewer than 80 employees between them.

The official number of jobless people registered with the Manpower Organization (OAED) showed a 3 percent monthly decline in April, amounting to 828,299 against 853,751 in March. The number of those registered as unemployed but not seeking work posted an 18 percent fall within one month, dropping to 164,819 from 200,875.

ekathimerini.com , Thursday June 5, 2014 (22:20)  
Trade deficit grows 9.5 pct in Jan-May
Number of 5-star hotel rooms rises 31.4 percent in four years
Greeks get slightly less downbeat
Banks reluctant to issue credit
MP steps in to get power back on at invalids home
An MP had to intervene to get the electricity supply restored to the home of a man who requires a machine to help him breathe just days after a woman on life support died in Hania, Crete, as...
Civil servants who changed contracts to undergo checks
State inspectors are to begin checking the circumstances under which thousands of people working in the public sector had their fixed-term contracts switched to open-ended deals in the years...
Inside News
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. I l...
SOCCER
Olympiakos downs AC Milan 3-0 in friendly
Greek champion Olympiakos defeated Italy's AC Milan 3-0 late on Thursday in a friendly match that launched the International Champions Cup in Canada and the US. The result, with goals from A...
Inside Sports
TALK
What lessons can we draw from antiquity?
Our theme is limits. And we are gathered here at this limit of Europe, close the to sea: the limitless, the boundless. And we face all sorts of limits. There are the limits of knowledge fa...
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the countrys fate since then are unable to act their age. For decad...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Trade deficit grows 9.5 pct in Jan-May
2. Number of 5-star hotel rooms rises 31.4 percent in four years
3. Greeks get slightly less downbeat
4. Banks reluctant to issue credit
5. MP steps in to get power back on at invalids home
6. Civil servants who changed contracts to undergo checks
more news
Today
This Week
1. Greek coast guard picks up 77 migrants off Myconos
2. Draghi safety net becoming blindfold as bonds soar
3. Aegean Airlines resumes flights to Tel Aviv
4. Godfather, 35, shot at Karditsa christening dies
5. Police report points to less crime in 2014
6. Thousands of dead fish surface in Lake Pamvotis
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Unequal after death
5. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
6. Quadriplegic woman on life support 'dies due to unpaid power bills'
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.