UNEMPLOYMENT

What explains the paradox of the army of unemployed young people and the simultaneous inability of many companies to find staff, especially in technical fields? Chr. Ioannou (SEV).

Eurostat data for the second quarter of the year shows that the long-term unemployed in Greece stand at 9.7 percent compared with 3.3 percent in the eurozone.

Registered unemployment totaled 888,089 in August, up from 841,481 in August 2018, but down from 893,310 in July 2019, the workforce employment authority OAED said in a report on Friday.

The unemployment rate among young people aged 20-35 years old in Greece is 20 pct, significantly higher than a 5.0 pct average rate in the EU.