The U.S. economy continued to add new jobs in August, although the pace slowed compared to the previous month, while wages continued to move upward, government data released today showed. In particular, jobs in the economy increased by 315,000 last month, after the rise of 526,000 jobs in July, as the US Department of Labor […]
Tag: Unemployment
K. Hatzidakis: 12-year low in unemployment – Reality takes revenge on SYRIZA
The unemployment rate is at a 12-year low, as pointed out by the Minister of Labor and Social Affairs, Kostis Hatzidakis, in a post on his personal social media account. Specifically, Mr. Hatzidakis reports the following: “11.4% unemployment in July (Eurostat). A 12-year low. SYRIZA left us with 17.3%. Almost 6 points down! The unemployed […]
Eurozone: Unemployment fell to 6.6% in July, Greece to 11.4%
Unemployment fell in July in the Eurozone, despite shocks to the European economy from the war in Ukraine and the rally in inflation. In particular, the unemployment rate fell to 6.6% in July from 6.7% in June and 7.7% in July 2021. In the E.U. unemployment fell to 6% from 6.1% in June and 6.9% […]
Australia: Unemployment at a 48-year low in July
Australia’s unemployment rate fell to its lowest level since 1974 in July, according to the latest figures released by the Australian Bureau of Statistics. In particular, unemployment fell last month to 3.4% from 3.5% in June, as reported by CNBC. “The drop in unemployment in July reflects an increasingly tight labor market, including high job […]
Thousands of new jobs despite the energy crisis
By Dimitris Katsaganis Full-time contracts continue to occupy the first place among the new contracts, despite the “invasion” of the negative consequences of the energy crisis. As the data of the “Ergani” system show for the first half of 2022, the new full-time contracts (8 hours , 5 days) made up 54.8% of the total, […]
Bulgaria: Registered unemployment in July remained unchanged compared to June
The level of registered unemployment in Bulgaria in July 2022 remained unchanged from June and was again at a record low of 4.2%, according to administrative statistics of the Employment Agency released today. On an annual basis, unemployment decreased by 0.8 percentage points. Registered unemployed in July were 139,215, or 416 more than in June […]
K. Hatzidakis: The significant reduction in unemployment, a practical answer to those who try to nullify the work of the government
After the announcement of ELSTAT’s data on unemployment in June, which recorded a decrease to 12.1% from 12.5% ​​in May 2022 and from 15% in June 2021, the Minister of Labor and Social Affairs, Kostis Hatzidakis, underlined that “today’s official ELSTAT data on unemployment is another response to those who irresponsibly seek to nullify the […]
K. Hatzidakis: A practical answer to the government’s work is the reduction of unemployment
Yet another response “to those who irresponsibly seek to nullify the work of the government”, Labor Minister Kostis Hatzidakis characterizes today’s data which showed that unemployment decreased in June to 12.1% from 12.5% ​​in May and 15% in relation to with June 2022. The statement of K. Hatzidakis in detail: “Today’s official data from ELSTAT […]
At 12.1% unemployment in June
The seasonally adjusted unemployment rate in June 2022 amounted to 12.1% compared to 15.0% in June 2021 and 12.5% ​​in May 2022, according to data announced on Wednesday by ELSTAT. The employed amounted to 4,148,431 people, marking an increase of 155,318 people compared to June 2021 (+3.9%) and an increase of 12,020 people compared to […]
USA: New jobs exceeded estimates, unemployment at a 50-year low
The U.S. economy hit the gas in July, adding more than half a million jobs, giving the Federal Reserve much-needed room to continue its aggressive rate hikes to rein in the highest inflation in 40 years. In particular, the US labor market added another 528,000 jobs, beating analysts’ estimates of 250,000 jobs last month in […]