Friday April 18, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Despite busy tourism season, joblessness soars

By Christina Kopsini

Greek joblessness remained on an upward course in May despite the start of the tourist season, when hiring usually rebounds, and with nearly two-thirds of young people out of work.

According to the Hellenic Statistical Authority (ELSTAT), the country’s unemployment rate rose to 27.6 percent from 27 percent in April and 23.8 percent in May 2012. The somewhat paradoxical development, corroborated by Labor Ministry data which show an increase in layoffs in some tourist areas, may be explained by the combination of a rise in uninsured work in the tourism sector, the widespread use of apprenticeships for citizens of Eastern European countries and mutually agreed termination of work contracts for employees to collect unemployment benefit.

The official number of those in employment fell by 171,356, or 4.5 percent, in 12 months, bringing the total over five years to 945,824. The ranks of the unemployed grew by 193,669 individuals in May from a year earlier, bringing the total to 1,381,088. Those in work numbered 3,621,153 and the economically non-active population 3,318, 671. The new jobless, laid off between May 2008 and May 2013, came to 1,024,088.

Over the same period, the unemployment rate grew fivefold among those aged 45-54, reaching 20.9 percent, and fourfold in the 35-44 age group, in which it now amounts to 37.7 percent. But the worst-hit age group by far is that of young people up to 25, where unemployment now stands at 64.9 percent.

Separately, Labor Minister Yiannis Vroutsis has ordered extensive checks on tourist enterprises which laid off staff at the height of the tourist season in order to ascertain any violations of labor legislation. The ministry’s electronic monitoring system showed unjustifiably high rates of dismissals in certain areas in the first week of August, including Attica, Thassos, Zakynthos, Halkidiki, Messinia and Ilia.

In a further paradoxical twist, the system showed a positive balance of 91,611 new hirings in the first seven months of the year.

ekathimerini.com , Thursday August 8, 2013 (21:52)  
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Tourist spending up 17.3 pct
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Talks lined up in wake of ‘shameful’ soccer scenes
The government has pledged to meet with soccer officials after Easter to tackle unruliness in the game following wild scenes at the Greek Cup semifinal between PAOK and Olympiakos in Thessal...
Inside News
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national team’s triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Former Red Bourousis wrecks Olympiakos´s hopes for a break
2. PPC to issue corporate bond of 500 mln
3. Greece offers to help find Turkish F-16 lost in 1996
4. Primary surplus continued by end-March
5. Eurobank eyes top Core Tier 1 level in Greece
6. Tourist spending up 17.3 pct
more news
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Seven arrested over Toumba violence
5. National Bank of Greece plans senior unsecured bond sale
6. Greek current account deficit widens in February
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Samaras sees no need for third bailout
3. Greece's market return mirrors return of tourists
4. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Parties start announcing candidates for European Parliament elections
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.