Unemployment

Bank of Greece governor Yannis Stournaras has confessed that he can now "sleep at night, without worrying about fiscal instability" because Greece is on the "right path" in terms of the economy.

"If the government manages to maintain the primary surplus at 2% while making the necessary reforms, we have nothing to fear," he told the Delphi Economic Forum.

Minister of Labor and Social Affairs Domna Michailidou emphasized in an interview on state radio ERA that the increases in the minimum wage are aligned with those in the average salary.

Michailidou underscored that this alignment reflects the government's economic policy.

In a significant move that reverberates across the tech industry, Amazon has disclosed plans for substantial layoffs within its cloud services division. The e-commerce giant confirmed the news, shedding light on the sweeping workforce reductions affecting various sectors including brick-and-mortar stores, technology, sales, and marketing departments.

Recent data released by the European Statistics Office Eurostat shows that the unemployment landscape in the European Union (EU) remained stable in February, with the unemployment rate holding steady at 6%. This figure mirrors the rates observed both in January 2024 and February 2023.

Some 18.2 million people worked in the services sector last year, accounting for 57.6 percent of all employment, data from the Turkish Statistics Institute (TÜİK) have shown. 

Around 6.6 million of those employed in the services sector were women, according to the numbers of the statistics authority released on March 25.

The press center of the National Employment Agency has released its latest report indicating a steady unemployment rate of 5.8% in the country for February. Holding firm from the previous month, this figure represents 165,585 registered unemployed individuals, marking a decrease of 255 compared to the previous month.

Britain's economy rebounded slightly in January, data showed Wednesday, sparking hope of an end to recession in a boost to embattled Prime Minister Rishi Sunak ahead of elections.

Gross domestic product grew 0.2 percent following a slight 0.1-percent decline in December according to a statement from the Office for National Statistics (ONS).

The unemployment rate rose from 8.9 percent in December 2023 to 9.1 percent in January, the Turkish Statistical Institute (TÜİK) has said.

The number of jobless people increased by 85,000 within a month to 3.12 million people.

The unemployment rate among men was 7.7 percent, while it was 11.7 percent among women.

The latest data from the Cyprus Statistical Service (CyStat) reveal a positive shift in the country's economic landscape, with the unemployment rate falling to 5.9% in the fourth quarter of 2023, compared to 6.9% in the same period the previous year.

The unemployment rate in Greece dropped to 10.5% in the fourth quarter of 2023, down from 10.8% in the third quarter of the same year and 11.9% in the fourth quarter of 2022, according to the results of the Labor Force Survey for the fourth quarter of 2023, announced by the Hellenic Statistical Authority (ELSTAT) on Thursday.