Under 8% the unemployment For the first time in 17 years in May, with a particularly great improvement in the unemployment of both women and young people, which shows that two population groups that have historically had a lesser share of employment now have increasingly involved in the production process.
The unemployment rate in the last month of spring was measured by ELSTAT at 7.9%, which is the best performance since November 2008, in yet another indication that the labor market is stabilizing at pre -crisis levels, having recovered dynamically after the pandemic.
May is also the first month after at least two decades when women’s unemployment has fallen to a single -digit level, to 9.8%. An indication of the progress achieved is that in the corresponding month of 2015 the figure was 28.2%, in May 2010 it was measured at 15.7%, while in 2005, in a period of rapid growth for the country, it was 15.6%.
Youth unemployment, meanwhile, fell below 20%, as it was 52%in 2010 a decade ago and in the early crisis, it was approaching 32%.
Government officials said, “Reducing unemployment is not yet another statistical element, but personal stories of people who have found a job, which is a key objective of the Mitsotakis government from 2019 to the present.” “The point is not only to create jobs.
The point is to increase salaries at a rate of such a pace that they can support the standard of living of workers, “the same executives added.
The same sources stressed that the decline in unemployment increases the negotiating power of employees in search of employment and better earnings and added that the aim is to create quality and well -paid jobs, with expansion of employment and in high -special areas.
New ‘profits’ in number of workers and unemployed
Reflecting on the widest strengthening of the labor market, the number of unemployed in May continued the almost uninterrupted downward trend of the last four years and is estimated at 370,000. This is the lowest number since May 2008.
In contrast, workers are estimated to have exceeded 4.34 million in May, which has been the best performance since mid -2010, that is, from the start of the debt crisis. It is noted that the number of employees is firmly above the 4 million barrier from 2022.