Thursday April 24, 2014 Search
Weather | Athens
23o C
15o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Unemployment rises to 28 pct in November

 Increase in hirings seen by Ergani not reflected in jobless figures

By Christina Kopsini

Unemployment registered a new record in Greece in November as the jobless rate climbed to 28 percent from 27.7 percent in October and 26.3 percent in November 2012, according to data released on Thursday by the Hellenic Statistical Authority (ELSTAT).

The figures showed that the number of unemployed grew by almost 1 million (991,000) in the five years from 2008 to November 2013, as the jobless numbered 1,382,062 at the end of November. The number of employed people declined by 1 percent from October and by 3.1 percent from a year earlier.

The unemployment data do not reflect the increase in the number of the people with work seen by the Labor Ministrys Ergani database. If anything, they show that joblessness is continuing to grow, albeit at a slower rate.

The financially inactive population expanded by 36,448 people within 12 months to 3,376,643, which is likely due to the increase in pensioners who have rushed to retire after losing their jobs.

Women and the young remain the two groups with the biggest jobless problems, as the unemployment rate among the former stood at 32.2 percent while three in every five (61.4 percent) young people aged between 15 and 24 years were without work. Both readings were higher than a year earlier. The worst-hit regions are Eastern and Central Macedonia and Thrace with unemployment rates of 29.7 percent, Attica with 28.9 percent, and Epirus and Western Macedonia with 28.8 percent.

Out of the 1.38 million unemployed, those receiving benefits from the Manpower Organization (OAED) in December stood at just 170,015, although over 420,000 jobless have been registered at OAED for 12 months or more and a third of those are seasonal workers in the tourism sector.

Still, the number of jobless receiving benefits has risen 30 percent since November.

ekathimerini.com , Thursday February 13, 2014 (22:21)  
Expanding the social dividend base
National Bank determined to remain in the Turkish market
Ferries to start using LNG
Investment fund off the ground
Free drugs for uninsured Greeks
There are between 1.9 and 2.4 million Greeks, or roughly 20 percent of the total population, without social insurance, Health Minister Adonis Georgiadis said on Wednesday as he announced pla...
SYRIZAs preparation for elections upset again
SYRIZA's preparations for next month's local and European Parliament elections suffered another blow on Wednesday as Ahmet Kurt, one of the leftist party's candidates for the regional counci...
Inside News
BASKETBALL
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
BASKETBALL
Reds and Greens stay alive in Euroleague
Easter and home advantage worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
Inside Sports
COMMENTARY
Its too soon for Europe to declare victory
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both stocks and f...
COMMENTARY
Realitys other side
There is plenty of evidence pointing to the fact that the countrys real economy has hit rock bottom and is currently entering a phase of growth. Those who know the market well tend to suppo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Never underestimate the Greek hoopsters
2. Expanding the social dividend base
3. National Bank determined to remain in the Turkish market
4. Ferries to start using LNG
5. Investment fund off the ground
6. Stocks decline after three days of growth
more news
Today
This Week
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Greek debt swells again as Samaras looks to creditors for relief
3. Woman dies after falling off state building roof
4. Tunisian sought over employment scam
5. Greece qualifies for new debt relief after 2013 budget surplus
6. Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
Today
This Week
1. Greece startup leaders say they cant break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Government looks to kick on
5. Greece offers to help find Turkish F-16 lost in 1996
6. EU struggles to unpick the knot of Russia-Ukraine gas logistics
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.