Unemployment in greece

Ilias Livanos Unemployment in Greece: Department of Economics, University of Piraeus 2. University of Warwick Abshact The hend of unemployment in Greece over the last three decades has been similar to other European counties. This article explores the main causes of high unemployment in Greece such as the link of the educational system with the needs of the labour market, the flexibility of the labour market as well as the efficiency of the labour n-rarket policies applied so far.

Unemployment in greece

Rania Antonopoulos February 12, The following is an extended version of a piece that originally appeared in Greek in Kathimerini.

The responses to unemployment by the last three governments in Greece have been characterized by sloppy proposals and an insignificant amount of funds in relation to the size of the problem.

Regardless of whether there were political considerations behind it or notthe recent announcement of the Prime Minister highlights, unfortunately, a relentless continuation of a lack of understanding of reality.

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The announced measures totaling 1. Specifically, the first pillar sets a target to recruitunemployed for the private sector; an initiative that essentially subsidizes wages and social security contributions for businesses that hire unemployed who are up to 29 years old and some who are unemployed between the ages of 30 and The second pillar concernsyoung persons.

This program will provide work experience and training for all unemployed up to 24 years old who have no prior work experience. These unemployed will also go to private companies for some time, or participate in vocational training centers VTC to improve their skills in order to find their first job, or both.

The third pillar concentrates on hiring 90, unemployed from households that have no employed person, who will work in community service projects in the public sector and local government. Assuming that strict rules are in place, with dedicated control mechanisms that will guarantee non-replacement of existing positions in the private and public sector really, is there a sufficient number of public sector inspectors for this task?

But appearances can be deceiving.

Unemployment in greece

If we divide the 1. So these jobs offer underemployment, starvation wages, or both. These interventions in reality provide employment for months.

Moreover, there was nothing new proposed.

Unemployment in greece

Samaras suggested identical measures. This is important, because at this difficult hour it would be wise not to throw EU funds out the window. But the essential problem is that the proposed action plan is based on the wrong diagnosis. The proposal carries a message that youth unemployment will be fought through the acquisition and improvement of knowledge, on the one hand through VTCand practical experience in temporary jobs in private sector companies.

Success should be evaluated by the ability of participants to find a permanent job after termination of participation in these programs. Do we then expect the young graduates to find a job? How many new jobs were announced in ? What has changed since is demand for labor due to the tremendous reduction of GDP, not the quality of the labor supply of young people.

Unemployment has skyrocketed from 7. These are more or less commonly accepted facts. Inemployees aged included approximatelyyoung workers, while in there were onlyareduction.

Similarly, today, the total number of unemployed people aged is approximately— inthere were 72, an increase of ,Greece unemployment rate was at level of % in , down from % previous year. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition.

The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus . Unemployment is a crucial economic factor for a country; youth unemployment is often examined separately because it tends to be higher than unemployment in older age groups.

Unemployment in the Member States. Among the Member States, the lowest unemployment rates in September were recorded in the Czech Republic ( %), Germany and Poland (both %).

The highest unemployment rates were observed in Greece ( % in July ) and Spain ( %).

Unemployment for Greece from Hellenic Statistical Authority (ELSTAT) for the Labor Force Survey release. This page provides forecast and historical data, charts, statistics, news and updates for Greece Unemployment. Unemployment is a crucial economic factor for a country; youth unemployment is often examined separately because it tends to be higher than unemployment in older age groups. Greek unemployment stood at % in April The youth unemployment rate (% in March ) is extremely high compared to EU standards. With an economy larger than all the Balkan economies combined, Greece is the largest economy in the Balkans, and an important regional investor. Greece is the number-two foreign investor of capital in.

In , the unemployment rate in Greece was around percent. Today, Greece reports the highest unemployment rate of all EU states. Greece's financial situation Greece is a developed country with a high-income economy, whose primary industry revolves around tourism and shipping.

According to news agency amna, the general unemployment in Greece fell to pct of the workforce in June, from a downwardly revised pct in May and pct in June last year the number of unemployed people totaled ,, down , compared with June (a decline of 11 pct) and down 12, compared with May (a decline of Greece remains the major exception to the eurozone’s wider recovery in growth and unemployment, suffering a slight rise in its double-digit jobless rate at the end of The country’s unemployment rate ended the year at per cent in December, revised up to that level from 23 per cent in November – the highest in the eurozone.

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