OECD records employment growth in Greece

OECD records employment growth in Greece

The Greek economy seems to be on a good track, as the latest figures show employment growth in Greece.

In particular, the employment rate in Greece – based on the percentage of the population aged 15-64 that are still working – in the first quarter of 2018, according to figures released by the OECD (Organization for Economic Cooperation and Development), has risen. More specifically, it rose to 54.1% from 53.8% in the fourth quarter of 2017 and 52.8% a year earlier (first quarter of 2017). The male employment rate rose in the first quarter to 63.8% from 63.3% and 61.8%, respectively. The employment rate for women stood at 44.5%, as in the fourth quarter of 2017, while in the first quarter of 2017 it was 44.0%.

It is worth noting that the employment rate in all OECD countries increased by 0.2 percentage point in the first quarter of 2018 compared to the fourth quarter of 2017.

In the Eurozone, the employment rate increased by 0.1 percentage point in the first quarter of 2018 compared to the fourth quarter of 2017 and stood at 66.9%.

ICAP: Employment recovery, reduction of unemployment

At the same time, the recovery of employment and the limitation of unemployment are recorded in the ICAP Group survey. In the first quarter of 2018, the number of employed people in our country increased by 1.8% compared to the beginning of 2017. Also, the number of the unemployed decreased by 10.2% (on an annual basis), thus the unemployment rate was limited to 21.2% in the first quarter of 2018 (from 23.3% in early 2017)…. / IBNA