Wednesday September 3, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone employment rises, trade surplus grows

By Martin Santa

Eurozone employment rose for the second consecutive quarter in the first three months of the year in a sign the recovery was finally helping the labor market and a widening trade surplus signaled a further positive contribution to growth in April.

The number of persons employed in the 18 countries sharing the euro rose by 0.1 percent on the quarter in the three months to March and was up by 0.2 percent on the year, the first annual rise since third quarter of 2011, the European Union's statistics office said.

In Germany, the eurozone growth engine, employment rose 0.3 percent on the quarter and 0.8 percent on the year. In Portugal, which exited an international bailout in May, employment fell 0.3 percent on the quarter, but jumped 1.8 percent year-on-year.

Employment in Greece rose on the quarter and slowed its annual fall to 0.5 percent from 2.6 percent in the last quarter of 2013, signalling that also the eurozone's troubled periphery was experiencing a gradual recovery in labor markets.

But despite four consecutive quarters of economic growth still 18.7 million people were without jobs in April and the jobless rate remains close to record highs seen last year.

Separately, data showed that net trade made a positive contribution to growth in April as the trade surplus increased to 15.7 billion euros, from 14.0 billion in the same period of 2013.

The higher surplus was mainly because imports, down 3 percent year-on-year, slowed more than exports, which fell only 1 percent in April on a non-seasonally adjusted basis.

Economists polled by Reuters had expected the trade surplus to narrow to 13.9 billion euros in April from the originally reported 17.1 billion surplus in March.

EU exports to Russia, with which relations are tense because of Russian annexation of Crimea, fell 12 percent on the year on a non-seasonally adjusted basis in the first three months of the year, Eurostat said.

Imports from Russia, which is the EU's fourth biggest trade partner, fell 9 percent on the year in the first quarter. [Reuters]

ekathimerini.com , Friday June 13, 2014 (13:25)  
Helexpo sell-off plan to be ready by mid-October
Maniatis talks energy with Washingtons man in Athens
Task force to examine cases of extreme taxation, customs issues
Hotels hike prices by 10 pct in H1 of 2014
Report points to suspicious clinic charges to EOPYY
A quarter of all the expenses submitted last year by private health clinics to EOPYY, the countrys largest healthcare provider, have been deemed suspicious and in need of further investigat...
New rector seeks to introduce ID checks at University of Athens
One day after his swearing-in ceremony was marred by protests against budget cuts and the expulsion of thousands of so-called eternal students, the new rector at the University of Athens, Th...
Inside News
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the peoples favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washingtons man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Greece needs private debt overhaul, Piraeus Bank CEO says
6. Moderating expectations
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.