Unemployment rate in Greece to record biggest increase in 2020

·

A recent report released by the Federation of Hellenic Enterprises (SEV) found the unemployment rate in Greece is expected to record the biggest increase in a decade, surpassing the period 2011-2013 when the Greek economic crisis was at its peak.

Based on official data, the report said the balance of job flows in Greece fell to its maximum negative level in March (-41,903 job positions), despite the fact that government measures tried to contain job losses.

New hiring fell 49 percent in March compared with the same month last year (103,002 from 202,157), while dismissals fell 8.7 percent to 144,905 from 158,784.

People lined the streets outside Greece’s Labour Employment Office during the economic crisis of 2011-2013. Source: AP News.

However, the Federation did note that two sectors recorded a positive balance of labor flows: public administration and defense (+1,115 job positions) and human health (+393).

With Greece slowly trying to return to normalcy following COVID-19 restrictions, the Federation recommended the adoption of a preemptive and flexible strategy for employment, linking it with measures to restart the economy.

READ MORE: Greek Finance Minister: Expect a recession of up to 10 percent due to tourism losses.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek Australian Cultural League celebrates successful opening of Antipodean Palette 2024

With great success the Greek Australian Cultural League and its guests celebrated the opening of the Antipodean Palette on Saturday, July 13.

GOCSA issue statement to mark 50th anniversary of Turkish invasion of Cyprus

The Greek Orthodox Community of South Australia has issued a statement to mark the 50th anniversary of the Turkish invasion of Cyprus.

Melbourne Victory Academy head Joe Palatsides leaves for role abroad

Melbourne Victory can confirm its Head of Academy and VPL1 Head Coach Joe Palatsides is departing to coach a major European club.

George Calombaris’ stint at Sydney’s Alpha restaurant ends after only five months

George Calombaris' stint as creative partner at popular Sydney Greek restaurant Alpha has come to an end after only five months.

Greek energy giant lists all Australian solar and battery assets for sale

Leading global industrial and energy company Metlen, formerly known as Mytilineos, is selling entire 2.9 gigawatt-scale Australian profile.

You May Also Like

‘Inspirational, Generous and Amazing’: Mother’s Day messages from the heart

To mark Mother's Day, we asked members of the Greek Australian community to tell us why their mum and γιαγιά are special to them.

Indian Hellenism: Bactria and the Indo-Greek Kingdom

The Indo-Greek Kingdom is arguably the most fascinating of all the Hellenistic Kingdoms, initially emerging from the Greek-Bactrian Kingdom.

Georgios Karaiskakis: Hero of the Greek War of Independence

In Greek history, Georgios Karaiskakis has many well-known titles: klepht, armatolos, military commander, and hero of the Greek War of Independence.