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Wednesday, December 1, 2021

INE GSEE report: Significant impact of the health crisis on unemployment

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The interim report of INE GSEE records a significant impact of the health crisis on unemployment.

The initial conclusion of the scientific collaborators of the unions is:

* September data show signs of stabilization. The number of employed amounted to 4.081,8 thousand people (+140,9 thousand compared to September 2020) and the unemployment rate fell to 13%, which is the lowest recorded since August 2010.

* However, in the second quarter of 2021, compared to the corresponding period of 2019, in 13 of the 21 sectors of economic activity, a decrease in employment was recorded. It was higher in services and catering (-85,8 thousand people), in the water supply sector (-16,9 thousand), in agriculture, forestry and fisheries (-14,2 thousand), in administrative and support activities (-13,7 mm), in education (-13,5 mm), and in construction (-13,1 mm).

* In 2020, 9 of the 13 regions of the country recorded a decrease in employment aged 15-64 years, compared to 2019. The largest decrease was recorded in Crete (-23,3 thousand people), followed by the southern Aegean (- 15,6 thousand people), Eastern Macedonia - Thrace (-10 thousand), and the Ionian Islands (-5,7 thousand) Employment growth in the same period was observed in the regions of Attica (+ 23,6 thousand people ), Western Greece (+2,2 thousand), Peloponnese (+1,9 thousand) and Thessaly (+0,4 thousand).

Young people, aged 15-29, who are out of work, rose in 2020 to 18,7%, from 17,7% in 2019. This percentage is increasing in all regions of the country, except Western Macedonia and of Attica.

* In the first quarter of 2021 the employment rate was only 52,7% in the 15-64 age group, 13,6 points lower than the Eurozone equivalent. In the second quarter it reached 57%, but remained 10,8 points below the Eurozone.

* At 17,8 points is the difference between the employment rate of men (66%) and women (48,2%). In the Eurozone the corresponding deviation is 9,4 points.

* The burden of the pandemic on specific age groups is significant in terms of employment. In particular, in the second quarter of 2021, at the ages 35-39, a decrease of 68,4 thousand people was recorded, compared to the corresponding quarter of 2019. There was a similar course in all age categories of young people, such as 30-34 years ( -61,7 mm), 20-24 years old (-21 mm), 25-29 years old (-17,5 mm) and 40-44 years old (-11,2 mm). On the contrary, an increase in employment was observed at the ages of 50-54 years (+50,9 thousand people), 55-59 years (+44,6 thousand) and 60-64 years (+31,5 thousand).

Dimitris Kostakos

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