Unemployment fell to 15.8% in the second quarter of 2021, down 1.7% from the previous quarter and 4.7% from the corresponding quarter of 2020, according to data compiled by the ELSTAT. The unemployment rate in the first quarter of 2021 was 17.1% and in the second quarter of 2020 16.7%.
The number of employees amounted to 3,915,253 people, showing an increase of 8.0%, compared to the previous quarter and 1.9%, compared to the corresponding quarter of the previous year.
The number of unemployed amounted to 732,544 people, showing a decrease of 1.7% compared to the previous quarter and by 4.7%, compared to the corresponding quarter of the previous quarter.
year.
It is pointed out that according to the Eurostat guidelines, due to the pandemic, people who are suspended from a contract are still considered employed, if the duration of the suspension is less than 3 months.
The number of people not included in the workforce, or “people outside the workforce”, ie people who are not working or looking for work, amounted to 4,419,295. In particular, the number of people out of the workforce under the age of 75 amounted to 3,223,089 people. Their percentage decreased by 8.1% compared to the previous quarter and by 2.0% compared to the corresponding quarter of the previous year.
The survey data show that absences from work decreased compared to the first quarter of 2021 and the second quarter of 2020, while the opposite is true for working hours.
Also, the percentage of people aged 20-64 who are available to take up work immediately but are not looking is lower than in the first quarter of 2021 and higher than in the second quarter of 2020.
The survey data show that absenteeism decreased in all sectors of economic activity compared to the first quarter of 2021 and much more compared to the second quarter of 2020.
The highest levels of absence for the second quarter of 2021 are observed in the sectors of other services, construction, trade, hotels, restaurants, transport and communications.
Compared to the first quarter of 2021, working hours increased in all sectors of the economy and mainly in the sectors of agriculture, forestry and fisheries, trade, hotels, restaurants, transport and communications. Compared to the second quarter of 2020, there is a large increase in working hours in all sectors.
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.