Salaries drop despite increase in jobs

The average salary level in Greece fell 1.23 percent over the space of a year, despite the increase in full-time employment, according to Single Social Security Entity (EFKA) data for 2018, a fact which generates concerns about the course of the labor market.

The statistics derive from the employment declarations of employers (APD) to EFKA and offer a snapshot of the market and private sector salaries: They show that almost one in every three workers (29.88 percent) is employed part-time and collects a gross salary of just 391.32 euros per month.

This illustrates that in spite of the increase in employment and the even greater rise in the number of people insured, last year saw a slight reduction in salaries which proved that any investments implemented concerned jobs of lower quality.

EFKA figures revealed that more than three in every five private sector...

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