Saturday March 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Unemployment, retail prices appear to be falling

 Jobless rate slipped below 27 pct, deflation ongoing for 13th month

The signs of an economic rebound are becoming increasingly tangible among the general population, as the Hellenic Statistical Authority announced on Thursday that the jobless figure has finally started to decline while retail prices fell in March for the 13th consecutive month.

The number of unemployed people in Greece fell by 17,446 in January from December 2013, with the jobless rate coming to 26.7 percent compared with 27.2 percent in the last month of 2013. However, the rate still posted a small rise on an annual basis, as in January 2013 the unemployed accounted for 26.5 percent of the work force. Notably, the jobless rate among people aged up to 24 declined to 56.8 percent in January from 60.4 percent a year earlier.

In the period from January 2013 to January 2014 the number of people without a job increased by just over 6,800 to reach 1,317,848 – i.e. a 0.5 percent rise – while the number of employed people fell 14,913 in the same period and the financially inactive expanded by 9,120.

A serious problem is that the majority of jobless people are not entitled to unemployment benefits from the Manpower Organization (OAED). Out of 1.31 million jobless, just 157,921 people appear to have received their unemployment benefits from OAED in February 2014.

ELSTAT also said that deflation persisted for a 13th straight month in March, amounting to 1.3 percent, as prices continue to drop to the benefit of consumers, although there is still a trend toward growth in the prices of commodities such as dairy products and eggs, which climbed 2.4 percent year-on-year. There was also a rise in the prices of wine, cigarettes and medicines – the latter due to the fact that those insured with social security funds now have to make a greater contribution at pharmacies.

Among the categories with the biggest price drop in March were education – thanks to the decrease in fees charged by private schools and foreign language institutes – hairdressers and barbers, as well as car insurance policies.

ekathimerini.com , Thursday April 10, 2014 (23:00)  
Fitch downgrades Greece amid bailout uncertainty
Bank accounts continue to bleed
Hania and Athens are the top picks for Easter visitors
Landlords to pay tax on unpaid rent
Defense minister Kammenos sues commentator for 1 mln euros
Defense Minister Panos Kammenos has sued commentator Andreas Petroulakis for 1 million euros in damages over a critical article posted on the Protagon website on March 17. In a statement pos...
Reform talks move to Brussels
The Brussels Group, technical teams from Greece and its lenders, is on Saturday due to begin discussing the details of Athens reform proposals, which were completed Friday and will determine...
Inside News
BASKETBALL
Greens live dangerously in Istanbul
Panathinaikos played with fire in Istanbul, but still managed to beat Galatasaray 86-84 on Friday and climb to the third sport of its group two games before the end of the Euroleague top-16....
SOCCER
Greek federation backs injured Holebas
The Greek soccer federation on Friday insisted that international defender Jose Holebas had been dropped from team training in Austria because of injury and not for any other reason. Media r...
Inside Sports
COMMENTARY
Time to get moving
More than two months have passed since the elections and the government has to stop running around in circles and adopt a program of specific reforms, with detailed calculations as to their ...
EDITORIAL
The same old story
One of those infamously bad practices that the political system has been accused of for years is being propagated by the new government today, as it is appointing party cadres and politician...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Fitch downgrades Greece amid bailout uncertainty
2. Greens live dangerously in Istanbul
3. Bank accounts continue to bleed
4. Hania and Athens are the top picks for Easter visitors
5. Landlords to pay tax on unpaid rent
6. Air arrivals grow 20 pct in Jan-Feb 2015
more news
Today
This Week
1. Fitch downgrades Greece amid bailout uncertainty
2. Greek future as trade hub in limbo amid Syriza split on railways
3. Greek gov't denies finance minister Varoufakis to resign [Update]
4. Bundesbank's Weidmann says euro zone debt in 'danger zone,' opposes more aid for Greece
5. New Democracy's political council convenes to decide line opposite gov't
6. Clocks go forward one hour on Sunday
Today
This Week
1. Next Monday is D-Day for state funds
2. EU asks Greece for more reforms to speed talks on bailout
3. PM faces Merkel amid race to detail reforms
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Looking at the Chinese model
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.