Labor market continues to suffer

Greece still has the highest unemployment rate among OECD member-countries, as well as low salaries and therefore a large share of employees who face the risk of poverty even though they work hard, according to the Hellenic Federation of Enterprises (SEV).

Despite the significant and unprecedented reforms in the labor market, it continues to paint a disappointing picture based on employment indices and the quality of working conditions, SEV says in its weekly bulletin. Without the reforms that have been carried out and especially without part-time employment and the reduction of the minimum salary, the jobless rate would have been even higher today, while the recession would have continued unabated.

The data presented by SEV show that besides the high unemployment and the estimated loss of incomes due to the long-lasting recession, all other structural indices show just...