Economy

Hatzidakis: Unemployment drop of more than 5% compared to what we received from SYRIZA

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“The significant reduction in unemployment is a practical response to those who try to nullify the government’s work,” the Minister of Labor emphasized

After the announcement of the ELSTAT data on unemployment in June, which record a decrease in 12.1% from 12.5% in May 2022 and from 15% in June 2021, the Minister of Labor and Social Affairs Kostis Hatzidakis, he emphasized that “today’s official data from ELSTAT on unemployment is another response to those who irresponsibly seek to nullify the work of the government in the field of economic and social policy”.

Referring to ELSTAT data, the minister noted that “unemployment fell to 12.1%, i.e. more than 5 percentage points compared to what we received from SYRIZA (17.3%). Even more important is the fact that it fell by 3 percentage points compared to June last year (15%). Youth unemployment is also escalating, while overall unemployment has returned to the levels of 2010.”

As Mr. Hatzidakis characteristically said, “of course we are not celebrating all this. We note them to answer the nihilist criticism, but also to show that the government’s economic and social policy is in the right direction and is producing results. Lower taxes and lower social security contributions encouraged investment and thus the creation of new jobs. The same applies to the facilitation of licensing, but also to the labor law 4808/21, which strikes the right balance between supporting the competitiveness of businesses and protecting workers. I also note the significant contribution of the programs of the Public Employment Service (DYPA), whose rates tripled compared to the period before 2019”.

Concluding, the Minister of Labor stated that “it is particularly important that this positive news is combined with today’s confirmation from the European Commission that Greece exits the so-called post-memorandum supervision and returns after 12 years to European normality. It was the result of significant work and reforms, in which the Ministry of Labor and Social Affairs was particularly involved.”

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