Greek Unemployment Drops to 7.9%
Greece's unemployment rate has fallen to 7.9%, its lowest level in more than a decade, with 86,000 new jobs created in the past year alone, the country's labor minister has announced. In an interview with SKAI radio, Labor and Social Security Minister Niki Kerameos said the drop was the largest recorded among European Union member states since 2019, signaling a significant turnaround for a labor market long plagued by the country's financial crisis. "A worker in a country with 7.9% unemployment is much stronger because they have many options," Ms. Kerameos said, highlighting a shift in the labor market that has strengthened the bargaining power of employees. She added that it is now often easier for job seekers to find work than for businesses to find qualified staff. In another significant milestone, the minister reported that the unemployment rate for women has fallen into single digits for the first time in recent memory. While...
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