GREEK Unemployment at 25.2%, Among Young 48.3%

Elstat, the GREEK economic agency, reported unemployment was 25.2% in June. Among people aged 15 to 24, the figure was 48.3%. No recovery can ...

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Greece Jobless Rate Rises In June

Greece's unemployment rate rose slightly in June, data from the Hellenic Statistical Authority showed Thursday. The jobless rate came in at 25.2 percent in June ...

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Greek unemployment inches up; still at record high ...

Greek unemployment inched higher in June, figures released by the national statistics agency showed Thursday and remained at record highs, and more than ...

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Stock markets slide after 'mixed-bag' US jobs report

173,000 new jobs were created in America in August, fewer than expected, giving few clues into when the Fed might raise rates * Latest: More fears over global economy * NFP misses forecast, but jobless rate hits seven-year low * Wage growth picks up... * ...but labour force participation still weak * Preview: A crucial NFP day 2.59pm BST The market slide is accelerating: 2.54pm BST Meanwhile over in Greece, a new poll ahead of this month’s election and it’s not good news for former prime minister Alexis Tsipras and his Syriza party: GREECE'S SYRIZA PARTY TO WIN 23.4 PERCENT OF VOTES AT SNAP ELECTION, NEW DEMOCRACY PARTY TO WIN 24 PERCENT - METRON ANALYSIS POLL Continue reading...

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Eurostat: Unemployment in Greece Dropped to 25% in May

Eurostat, the European statistical authority, announced that unemployment in Greece dropped to 25% in May 2015, while in April 2015 it stood at 25.6%. However, it has not yet announced any data regarding June, July or August 2015. According to the statistical data, the number of unemployed Greeks reached 1.2 million in May. Furthermore, it

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Greece leads in EU- and EZ-unemployment: 25% general and 51.8% among youth

Nice. Unemployment rate dropped from 25.6% April to 25% in May 2015. However, this positive development did not hinder Greece from holding the top position in unemployment among the European Union and the Eurozone countries. With 25% in general unemployment and 51.8% among the youth, Greece leads the list of […]

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Greek Jobless Rate Still 25%

Greece's unemployment rate fell 0.6 percent in May but was still at a grim level of 25 percent, nearly double the average across the Eurozone. The post Greek Jobless Rate Still 25% appeared first on The National Herald.

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GREEK unemployment dips but still more than double EU average

Unemployment in the eurozone fell to 10.9 percent in July, the first time it has dipped below 11 percent since February 2012, raising hopes that ...

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Germany has lowest youth unemployment in EU

The number of 15-24-year-olds in Germany who are neither working nor in training is the lowest in the EU, official data for 2014 show. Spain and Greece have the highest youth unemployment in the EU.

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11 companies that proposed 250-300 euros/month for Greek workers

Unemployment is a time of opportunity for some

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Greek unemployment drops to 25 percent in May

Greece's jobless rate fell to 25 percent in May from 25.6 percent rate in the previous month, statistics agency ELSTAT said on Thursday. The reading in ...

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Greek unemployment rate inches lower in May

Greek unemployment inched marginally lower in May, retreating for a second straight month, but remaining at record highs under the weight of the ...

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Greek unemployment in May was the lowest it's been in nearly three years

Greek unemployment hit 25% in May, according to the Hellenic Statistics Authority (pdf). As hard as it might be to believe, that qualified as a bit of good ...

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Greek Unemployment Still at 25%

The Greek statistics bureau Elstat reported that unemployment dropped to 25.0% in May, compared to 25.6% in April. It would be misleading to call ...

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Greece tops unemployment chart in eurozone, Eurostat says

Earlier this week, the global Monetary Fund said it expects the inflation rate to remain below the ECB's target of just under 2% through 2020, and that it ...

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Unemployment, Inflation Stable in 19-Nation Eurozone in Early Summer

  BRUSSELS— Unemployment and inflation were stable in the 19-nation eurozone in early summer, when the Greek crisis was raging on and raising concerns over the outlook of the currency union. The European Union’s statistical agency, Eurostat, said Friday that the jobless rate stood at 11.1 percent in June, unchanged for a third straight month […] The post Unemployment, Inflation Stable in 19-Nation Eurozone in Early Summer appeared first on The National Herald.

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Greek Unemployment Highest in Europe, Again

Greece unemployment was the highest in Europe for the month of June with 25.6% of its potential workforce unemployed, showed the latest figures released by Eurostat. The total number of unemployed people in Europe reached 23.3 million, with 17.8 million of them belonging to Eurozone countries. More than 4.7 million are young under 25 years old, with 3.2

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Italy's youth unemployment just hit a new record high — here's what's going wrong

Italian youth unemployment broke a new record today, hitting the eye-watering level of 44.2% in June's figures. That's despite the fact the eurozone is clearly now recovering (slowly) from years of recession and stagnation. Only two European countries have higher youth unemployment than Italy. Greece's rate is 53.2% and Spain's is 49.2%. So what's going wrong for Italy's young people? Here's how it looks: Italian unemployment overall is higher than eurozone unemployment, at 12.7% — the figure for the whole bloc is 11.1%.  The eurozone's youth unemployment, at 22.5%, is about twice as high as the overall level. In Italy's case it's nearly 3.5 times higher than the headline rate, suggesting a pretty brutal future for the country's young people — and that something is seriously wrong with the labour market. Take a look at the different rates in comparison to one another (up until the end of 2013, when the Federal Reserve Bank of St. Louis' data seems to end): In the grand scheme of things, the Italian and eurozone total unemployment rates aren't very far apart. In fact, Italian unemployment was below the eurozone in general until 2012.  But youth unemployment levels have very clearly separated from one another  — Italy's was always higher, but more than 20 percentage points separate the two now. So what's going on with Italy's young people? A recent publication by Centre for Economic Policy Research (CEPR) suggests at least three potential causes: The sort of contracts young people work with: Part of the problem is the country's dual labour market, something that's not unique to Italy. Young workers tend to get temporary contracts and veteran company insiders get the more rigid, long-term deals. When it's time to let some workers go (in a recession), you can guess who's first out of the door. Some go to university instead of working. More young people often choose higher education during a recession, as an alternative to a touch jobs market. As the CEPR article says "the decline in the participation rate of the young mechanically increases the measured youth unemployment rate." Young Italians have struggled to get into work at the best of times. As the chart below shows, even during 2002-2010, a period in which the eurozone was generally growing, Italy stood out with the highest NEET (not in employment, education or training) level in the EU. It's followed closely by Greece and Spain. All in all, Italy's young people are in a pretty bad place. Though Prime Minister Matteo Renzi has pushed for reforms that would liberalise the country's labour market, that's likely to be a slow process.  What's more, the economy is still pretty weak. Without the effect of the weaker euro and oil prices declining, Italy would still be in recession, according to French investment bank Natixis. In short, without any significant economic growth, don't expect that eye-watering rate to tumble any time soon.Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy

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Greece has highest unemployment rate in the Eurozone

#economy

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Greece, a champion in EU unemployment!

Eurostat shows that unemployment is still a big problem for Greece

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