Greek unemployment rate at 12.1% in June – Greek City Times

The Greek unemployment rate fell to 12.1% of the working population in June, from 12.5% ​​in May and 15% in June 2021, the Hellenic Statistical Authority announced on Wednesday.

Specifically, the statistics department said the number of unemployed stood at 572,109, down 18.6% from June 2021 and down 2.9% from May 2022. unemployment among women was 15.9% (19% in 2021) and among men 9%. (11.8%).

The unemployment rate in the 15-24 age group fell to 27.4% in June from 31.7% in June 2021 and in the 25-74 age group it fell to 11.3 % against 14.1%. The number of people in employment stood at 4,148,431, up 3.9% compared to June 2021.

The European Commission will not extend Greece’s enhanced surveillance once it expires on August 20, it said on Wednesday.

In a statement, the Commission said that “following exchanges with the Greek authorities, including during the Eurogroup meeting of 16 June, the Commission recognizes that Greece has delivered on the essentials of the political commitments made towards the Eurogroup on its exit from the economic adjustment”. program in June 2018, and that it managed to effectively implement the reforms, even in the difficult circumstances created by the Covid-19 pandemic and, more recently, by Russia’s military aggression against Ukraine.

He also noted that thanks to Greece’s efforts, “the resilience of the Greek economy has significantly improved and the risks of ripple effects on the Eurozone economy have significantly diminished. Therefore, keeping Greece under enhanced surveillance is no longer justified.

The European Commission added that monitoring of the country’s economic, fiscal and financial situation will continue as part of post-programme surveillance (PPS) and the European Semester.

Monitoring of ongoing reform commitments will be undertaken in the context of the first PPS report to be published in November 2022, which could serve as the basis for a Eurogroup decision on the final tranche of debt relief measures agreed in June 2018.

Major reforms and investments are also planned in the Greek recovery and resilience plan. The Commission welcomes Greece’s achievements and its commitment to pursue reforms beyond the end of enhanced surveillance.

The Executive Vice-President for an Economy that Works for People, Valdis Dombrovskis, and the Commissioner for the Economy, Paolo Gentiloni, have already informed the Greek authorities, and their letter to Greek Finance Minister Christos Staikouras and his response have been published online.

The measures to be taken for the last quarter of the year are listed and quantified, Finance Minister Christos Staikouras said on Friday in an interview with Skai TV.

“We have before us”, he added, “the abolition of the solidarity levy (in 2023 for civil servants and pensioners, at a cost of 450 million euros), the heating allowance, etc. .”

“According to the data, there will be fiscal space in September, which was created in July-August,” Staikouras pointed out.

However, he stressed that July’s large revenue surplus does not mean that everything is permanent.

“So we are waiting for ELSTAT figures for second quarter GDP, the evolution of income and tourism receipts,” he said, adding that there is also uncertainty on natural gas and fuel prices. . “Everything will depend on the picture of the real economy in September,” he concluded.

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