Home » Business » INE GSEE: 8.3% drop in actual labor earnings between 2019-2023 – 2024-06-21 23:32:51

INE GSEE: 8.3% drop in actual labor earnings between 2019-2023 – 2024-06-21 23:32:51

Discount of actual earnings from work by 8.3% within the three years 2019 – 2023, delay in signing collective labor agreements and problem for a 3rd of households (36%) to deal with the bills of primary wants, states the annual report of the INE GSEE (Institute of Labor of the GSEE) for the economic system and employment.

Quite the opposite, the labor market knowledge present “indicators of enchancment” with unemployment reducing “however remaining – nonetheless – at excessive charges”, whereas the qualitative knowledge file discrepancies within the employment of particular teams of the inhabitants, resembling ladies, younger individuals, however and sure geographical areas of the nation.

INE GSEE for actual earnings – How a lot it decreased

In accordance with the report total, within the interval 2019-2023 Greece data the most important proportion lower in actual earnings from work (-8.3%) in comparison with all EU-27 international locations. Due to this fact, Greece not solely doesn’t converge with the EU-27 by way of social sustainability, but additionally diverges quickly from the northern European international locations and from the peripheral international locations, which developed quickly throughout the identical interval.

Additionally, in 2023, solely 19 Collective Labor Agreements (CLAs) of a sectoral or homoprofessional, nationwide or native nature have been signed and ratified by the Ministry of Labor and Social Safety. Of those, 12 are nationwide sectoral and homo-professional, whereas 7 are native sectoral and homo-professional. In the identical yr, 209 operational collective agreements have additionally been signed.

By way of precision and poverty, the INE report observes that in the course of the three-year interval 2021-2023, roughly 36% of households in Greece coped with nice problem in spending to cowl their primary wants. In 2023 the proportion of part-time contract staff vulnerable to in-work poverty rose by 3.5 proportion factors, with nearly 22 in 100 staff having disposable earnings under the poverty line, in comparison with 9 in 100 employed individuals with a full-time contract

Employment – ​​Unemployment

The labor market state of affairs in 2023 continued to indicate indicators of enchancment. Regardless of this truth, our nation’s efficiency in a collection of key indicators that decide the diploma and prospects of integration into the labor market, the standard of employment, wages, safety and institutional empowerment of staff proceed to deviate considerably from corresponding in most EU member states.

In 2023, the employment price in Greece, though elevated in comparison with 2022, was 61.8%, a efficiency that ranks our nation within the penultimate place among the many member states. This determine is 8.6 proportion factors decrease than the EU common and greater than 10 proportion factors decrease than that of different economies within the EU area and Jap Europe.

The discrepancy in employment charges between particular inhabitants teams continues to be notably giant. Particularly, the divergence of the employment price between women and men in Greece in 2023 amounted to 18 proportion factors, a price that’s the highest within the EU. Moreover, the divergence of the employment price of individuals aged 15-29 from the corresponding a type of aged 5 -64 years outdated rose to 27.4 proportion factors, the seventh highest among the many Union member states.

The distinction in employment charges per area of the nation can be giant. The very best employment charges in 2023 have been proven by the areas of Peloponnese (65.5%), Attica (64%), Central Greece (63.2%) and Crete (63%), whereas the bottom have been the areas of Western Macedonia (55.6% ), Thessaly (58%) and Western Greece (59.4%). As well as, within the areas of Central Greece and South Aegean, the most important discrepancy within the employment price between women and men is discovered (27.2 and 24 proportion factors respectively), whereas the bottom was famous within the area of Attica (14 proportion factors), adopted by the area of Epirus ( 15.7 proportion factors).

Regardless of its steady and vital discount since 2014, the unemployment price in our nation stays excessive. In 2023 it stood at 11.1%, which is the second highest amongst EU member states. As well as, the unemployment price of girls aged 15-74 in Greece reached 14.3% in 2023 (the very best within the EU) , registering a deviation of 5.8 proportion factors from the male counterpart. Regardless of its discount, the issue of youth unemployment additionally stays acute, with the proportion of unemployed aged 15-29 final yr reaching 21.8%.

Supply: OT.GR

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