Tuesday December 23, 2014 Search
Weather | Athens
13o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Unemployment climbed to 27.8 percent in October

 Fewer than one in every 10 jobless are receiving benefits

By Christina Kopsini

The jobless rate continued to grow in October, amounting to 27.8 percent, from 27.7 percent in September and 26.1 percent a year earlier, Hellenic Statistical Authority (ELSTAT) data showed on Thursday, but equally worrying is the insufficiency of the system to support the unemployed.

The number of jobless in Greece reached 1,387,520 in October, increasing by 85,314 individuals from a year earlier. However, there was a significant slowdown in jobs lost from the previous year, when the newly unemployed had numbered 336,763. On a monthly basis the jobless increased by 1,111.

The unemployment rate among young people aged up to 24 came to 57.9 percent in October. The jobless rate among women reached 32.1 percent, while the region with the biggest problem is that of Epirus and Western Macedonia, with 29.7 percent unemployment.

The financially inactive population continued to grow, coming to 3.36 million people from 3.34 million in October 2012. The number of employed was 3.59 million. The General Confederation of Greek Labor estimates that the number of the financially inactive during 2014 will beat that of the employed by 1.1 million.

Despite Labor Ministry estimates for an increase in the flow of employment, ELSTAT data showed that on a yearly basis, 94,531 jobs were lost up until end-October 2013. The decline is smaller than in previous years, but it does point to a further contraction in the labor market.

Meanwhile, Manpower Organization (OAED) data for November 2013 showed on Thuesday that only 9.5 percent of the unemployed have access to the 12-month benefit for the jobless, which raises serious questions about the states support system. Nearly half of the unemployed (48.68 percent) are classified as long-term i.e. without a job for over 12 months and have therefore stopped receiving any benefits for now.

ekathimerini.com , Thursday Jan 9, 2014 (22:39)  
October data show fleeing bondholders
Expired debts to the state soar to more than 72 bln euros
First four contracts to fund small firms signed by IfG and banks
Investors putting plans on hold
Govt seeks better result in second presidential vote as bribe claim probe shelved
With all political parties now actively preparing for the prospect of snap elections, MPs are to vote in the second ballot of a critical three-phase presidential vote at noon on Tuesday. The...
Civil servants to grade evaluation scheme
As of Monday, Greek civil servants are now able to have a say in the public sector evaluation scheme that is currently undergoing fine-tuning by the Ministry of Administrative Reform. By log...
Inside News
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Klaus Regling stresses debt sustainability through commitment to reforms
BRUSSELS The man who is responsible for the loans to Greece as managing director of the European Stability Mechanism (ESM/EFSF), Klaus Regling, is the only high-ranking European official w...
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. October data show fleeing bondholders
2. Expired debts to the state soar to more than 72 bln euros
3. First four contracts to fund small firms signed by IfG and banks
4. Investors putting plans on hold
5. Govt seeks better result in second presidential vote as bribe claim probe shelved
6. Civil servants to grade evaluation scheme
more news
Today
This Week
1. Greek parliament vote in balance after Samaras election offer
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
4. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
5. Klaus Regling stresses debt sustainability through commitment to reforms
6. Draghi starts squaring QE circle in month of persuasion for ECB
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. On the edge but not gutless
5. Greek PM offers compromise solution with elections by end-2015
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.