Unemployment

Unemployment, which reached historic highs of 27.2% in 2013, has now fallen to 10%, while the non-performing loan rate in Greek banks has dropped to 7%

Companies in different industries are grappling with growing job vacancies, pointing to difficulties in finding suitable workers, especially skilled personnel, to fulfill positions.

There were more than 330,000 vacant jobs across Türkiye in companies that employ more than 1 worker in the first quarter of 2024, according to a survey by the Turkish Employment Agency (İŞKUR).

Bank of Greece governor Yannis Stournaras has confessed that he can now "sleep at night, without worrying about fiscal instability" because Greece is on the "right path" in terms of the economy.

"If the government manages to maintain the primary surplus at 2% while making the necessary reforms, we have nothing to fear," he told the Delphi Economic Forum.

Minister of Labor and Social Affairs Domna Michailidou emphasized in an interview on state radio ERA that the increases in the minimum wage are aligned with those in the average salary.

Michailidou underscored that this alignment reflects the government's economic policy.

In a significant move that reverberates across the tech industry, Amazon has disclosed plans for substantial layoffs within its cloud services division. The e-commerce giant confirmed the news, shedding light on the sweeping workforce reductions affecting various sectors including brick-and-mortar stores, technology, sales, and marketing departments.

Recent data released by the European Statistics Office Eurostat shows that the unemployment landscape in the European Union (EU) remained stable in February, with the unemployment rate holding steady at 6%. This figure mirrors the rates observed both in January 2024 and February 2023.

Some 18.2 million people worked in the services sector last year, accounting for 57.6 percent of all employment, data from the Turkish Statistics Institute (TÜİK) have shown. 

Around 6.6 million of those employed in the services sector were women, according to the numbers of the statistics authority released on March 25.

The press center of the National Employment Agency has released its latest report indicating a steady unemployment rate of 5.8% in the country for February. Holding firm from the previous month, this figure represents 165,585 registered unemployed individuals, marking a decrease of 255 compared to the previous month.

So how are we doing?

Britain's economy rebounded slightly in January, data showed Wednesday, sparking hope of an end to recession in a boost to embattled Prime Minister Rishi Sunak ahead of elections.

Gross domestic product grew 0.2 percent following a slight 0.1-percent decline in December according to a statement from the Office for National Statistics (ONS).