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Officially, unemployment rate has dropped

12 November 2009 / 17:11:04  GRReporter
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After minister of labor Andreas Loverdos announced, not too long ago that there are 650 000 unemployed people in the country, the Statistics Services reported that in August there were 450 000 unemployed and one month earlier they were 475 000. As it was announced, the Greek Statistics Services will have to go through serious reforms, as advised by the EC, because the provided data for EUROSTAT were wrong. In August unemployment in Greece improved because it was a peak tourist period. This way unemployment rate fell from 9.6% to 9% for one month, which means:

-       Reported unemployed people have decreased with 5% - from 476 707 to 452 706

-       The number of illegally hired people has increased with 1.6% - from 4 564 246 to 4 492 162

-       The economically inactive have decreased with 1%

Region wise the biggest unemployment rate was reported in August in Eastern Macedonia and Thrace – 12.1%, following is central Greece with 10.9% and Central Macedonia with 10.4%. The lowest unemployment rate was reported in the region of the Ionian Island – 3.8%, Peloponnese – 5.1% and islands in the Southern Aegean Sea and Crete – 6.3%.

Among the paradoxical cases in the statistics report, noted is the one month big jump if unemployment rate in Eastern Macedonia and Thrace – (+3.8%) but also its fall in Attica – (-3.3%) and Western Macedonia – (-2.9%).

Unemployment (or illegal employment) is always among women – two times higher than in men. Mostly affected by the unemployment are young people between the ages of 15 and 24 (24.2%) and 25-34 (11.8%). 

Tags: Unemployment level in Greece Labor Ministry Economy in Greece
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