ECONOMY

Registered jobless grow in February

registered-jobless-grow-in-february

The unemployed registered with Greece’s Manpower Organization (OAED) posted a notable increase in February, amounting to 19,843 people within the previous year, to climb to a total of 1,081,064, according to data released by the authority on Friday.

There was also a significant increase on a monthly level, as the registered jobless grew by 15,727 people from January 2016,

The number of unemployed who are actively seeking work came to 894,566, up by 17,814 from January, thereby posting a rise of 2.03 percent in just one month. The unemployed registered with OAED without seeking work numbered 186,498 people.

Just over half of the registered unemployed (50.15 percent) looking for a job have been doing so for at least 12 months, classified as “long-term unemployed.” There is also a clear majority of women among those seeking work, as 60.31 percent (or 539,552) are female and just 39.69 percent (or 355,014) are male.

The number of jobless individuals receiving unemployment benefits from OAED amounted to 162,600 last month, of whom 35.78 percent (or 58,186) are seasonal workers in tourism-related professions. Women accounted for 53.1 percent (or 86,337) of the benefit’s recipients.