Thursday October 23, 2014 Search
Weather | Athens
22o C
16o 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)  
Athens weighs its LNG and CNG options
Greece ranks among global leaders in tourism growth
Global oil price drop sends local fuel prices back to 2010 levels
Buy big house, become a citizen
Cyprus seeks EU response over Turkey´s EEZ violation
Cyprus is to raise the issue of Turkey’s violation of its exclusive economic zone (EEZ) at Thursday’s European Council meeting after Turkish Prime Minister Ahmet Davutoglu raised the specter...
Thirteen indicted for inmate torture
Thirteen correctional officers and their former warden will stand trial in Serres, northern Greece, over the death of Albanian inmate Ilie Kareli on March 27 at Nigrita Prison. Kareli was tr...
Inside News
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
COMMENTARY
Careful what you wish for
Everyone is in a rush to become prime minister in this country, as if they have not learned a single thing from its political history. While still in opposition, PASOK’s George Papandreou ma...
EDITORIAL
Taking care of our key industry
It’s time to face facts: Tourism is the country’s heavy industry. The sector’s considerable contribution has served as a stabilizing factor for the local economy, essentially placing the cou...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Roberto´s heroics make Kasami´s goal count
2. Athens weighs its LNG and CNG options
3. Greece ranks among global leaders in tourism growth
4. Global oil price drop sends local fuel prices back to 2010 levels
5. Buy big house, become a citizen
6. Cyprus seeks EU response over Turkey´s EEZ violation
more news
Today
This Week
1. At least 11 banks to fail European stress tests, three in Greece, report says
2. Cyprus to block Turkey's EU talks after EEZ violation
3. EU’s Juncker wins Commission-team approval with investment vow
4. Juncker’s EU commission team set for parliamentary green light
5. Taprantzis resigns from privatization agency TAIPED
6. Fallen tree, smashup cause traffic jams in Athens
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. The past, present and future of the Greek debt crisis
6. Samaras’s crumbling Greek exit lacks backing from economists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.