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Wednesday, April 3, 2013

Greece-500,000 jobs sacrifice on the altar of recession

The first two years of recession (2008-2010) proved disastrous for employment as, according to data from the Labour Institute of GSEE, all the jobs in the private sector that were created in Greece since 2001 were lost.

Specifically, during the years of development 303,824 paid employment job positions were created while in the first 2.5 years of recession 309,194 positions were lost.

In less than five years, from August 2008 until December 2012, 507,000 job positions were lost in the private sector.

Meanwhile, the number of long-term unemployed has increased dramatically, as in 2012, the 39% is looking for work for more than one year, while only 25% take unemployment benefits. The same percentage stood at 30% two years ago, which means that fewer and fewer meet the requirements to receive even the meager allowance of 360 euros per month.
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