Greece's Unemployment Rate Continues to Decline

09:03 21/9/2024 - Πηγή: iEfimerida

The Greek government has announced a continued decline in the country's unemployment rate, marking a significant improvement from the crisis-ridden years of the bailout era.

According to data released by the Public Employment Service (DYPA), registered

unemployment in August 2024 totaled nearly 844,000 individuals.

This represents a 6% decrease compared to the same month in 2023 and a 0.6% decline from July 2024.

The decline in unemployment is particularly noteworthy considering the challenges Greece has faced in recent years.

The country's economic crisis, which began in 2010, led to soaring unemployment rates and widespread hardship.

However, through a combination of reforms and economic growth, Greece has been able to make significant progress in reducing unemployment.

Despite the positive trend, long-term unemployment remains a significant issue in Greece. Over half of the registered unemployed individuals have been out of work for more than six months. Additionally, women and younger workers continue to be disproportionately affected by unemployment.

The government has implemented various measures to address these challenges, including job training programs, incentives for businesses to hire new employees, and reforms to the labor market.

While these efforts have shown some success, more work needs to be done to ensure that all Greeks have access to stable employment opportunities.

Overall, the decline in unemployment in Greece is a positive sign of economic recovery. However, the country must continue to address the underlying challenges that contribute to unemployment, such as long-term unemployment, gender inequality, and youth unemployment.

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