Delenda Carthago
18th August 2010, 18:54
Unemployment in Greece rises by 43% year-to-year
According to information released by Greeces statistical authority (ELSTAT), the number of those registered unemployed in the country narrowly exceeded 602,000 in May 2010. This counts for 12% of the countrys workforce, compared to 8.5% and 11.9% in May 2009 and April 2010 respectively. According to the same data, the total number of those in employment was 4.431.326. The unemployed were 602.185, while the so-called financially inactive population was 4.267.994 people.
The number of those unemployed has increased by 181.784 compared to May 2009 (an increase of 43,2%) and by 5.206 compared to April 2010 (0,9% increase).
Source: Eleftherotypia Athens Daily
Translators note: the above figures concern the officially employed and those registered unemployed. Since the unofficial labour market is huge in the country and since there are little benefits coming with registering unemployed, it is widely acknowledged that the true number of those unemployed is, in fact, much larger.
http://www.occupiedlondon.org/blog/2010/08/12/348-unemployment-in-greece-rises-by-43-year-to-year/
According to information released by Greeces statistical authority (ELSTAT), the number of those registered unemployed in the country narrowly exceeded 602,000 in May 2010. This counts for 12% of the countrys workforce, compared to 8.5% and 11.9% in May 2009 and April 2010 respectively. According to the same data, the total number of those in employment was 4.431.326. The unemployed were 602.185, while the so-called financially inactive population was 4.267.994 people.
The number of those unemployed has increased by 181.784 compared to May 2009 (an increase of 43,2%) and by 5.206 compared to April 2010 (0,9% increase).
Source: Eleftherotypia Athens Daily
Translators note: the above figures concern the officially employed and those registered unemployed. Since the unofficial labour market is huge in the country and since there are little benefits coming with registering unemployed, it is widely acknowledged that the true number of those unemployed is, in fact, much larger.
http://www.occupiedlondon.org/blog/2010/08/12/348-unemployment-in-greece-rises-by-43-year-to-year/