Greek unemployment rate, to record the biggest increase in a decade

Greek unemployment rate is expected to record the biggest increase in a decade, suprassing the period 2011-2013, the Federation of Hellenic Enterprises (SEV) said in a report, cited by AMNA.gr.

The report said that the balance of job flows in March fell to its maximum negative level since 2001 (-41,903 job positions), a figure worse from the 2011-2013 period when the collapse of the Greek economy was at its peak. 

New hirings fell 49% in March compared with the same month last year (103,002 from 202,157), while dismissals fell 8.7 pct to 144,905 from 158,784. 

SEV noted that two sectors recorded a positive balance of labor flows: public administration and defense (+1,115 job positions) and human health (+393).