Labor market lost 13,000 jobs last month

Labor market lost 13,000 jobs last month

Salaried employment in Greece recorded its second-worst performance of the last 15 years in September, as according to the Labor Ministry’s Ergani database the market lost 13,003 jobs on top of the last few months’ negative balance between people hired and those let go.

Last month was the third in a row where departures outnumbered hirings, coinciding with the period since the imposition of capital controls on June 28. Since July 1 there have been 30,102 more people made redundant than those starting new jobs, although in the first nine months of the year hirings outnumbered departures by 173,021 jobs.

Full-time employment hirings declined from 42.25 percent in September 2014 to 38.15 percent last month, while part-time employment saw its share grow by 15.46 percentage points in one year and shift work added 7.71 percentage points.

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