Nine Out of Ten Jobless in Greece Do Not Receive Unemployment Benefits

Monday, December 19th, 2016
Last Update: 13:12

Nine out of ten Greeks without work do not receive unemployment benefits, while 73.8% of jobless have been without work for more than 12 months, says an ELSTAT-GSEE study.

The figures released by the Greek Statistical Authority and the General Confederation of Greek Workers show that only 10% of Greece’s unemployed receive unemployment benefits and only 1.5% receive the 700 euros per month that applies to the registered long-term unemployed.

More specifically:

  • In the past six years, unemployment has led some 300,000 highly skilled professionals and workers abroad.
  • The unemployed are without a job for more than two and a half years.
  • There are 350,000 Greek families without a single member working.
  • The unemployment rate for women (27.2%) is significantly higher than that men.
  • The Highest unemployment rate is among young people aged 15-24 (46.9%).
  • The four years of the first two bailouts (2010-2014) recorded an increase of 45% in the number of registered unemployed and a 47% reduction in the number of beneficiaries of unemployment allowance.
  • The Actual unemployment deprives security funds of more than 7 billion euros.

The seasonally adjusted unemployment rate in September 2016 was 23.1% versus 24.7% in September 2015 and revised down to 23.3% in August 2016. The number of employed in September 2016 was estimated at 3,690,168 people. The unemployed amounted to 1,111,490 while the economically inactive population at 3,237,622 people.

GSEE stresses that the official unemployment rate as calculated by ELSTAT underestimates the actual size, noting that a more realistic approach to the actual size of unemployment should have added the unemployed who seek work but were not available at the time of research and those who are available but do not seek work.

In this context, GSEE argues that the second quarter of 2016 the rate of real unemployment stood at 30.8%, marginally lower than the corresponding quarter of 2015 was 31.7%.

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