Consolidation in Greek labor market

After 9 years of continuous employment maturation successful September, the Greek labour marketplace recorded a mild diminution past month, but this is indicative of the strong seasonality arsenic well arsenic the tightness of the labour market.

According to information from the Ergani accusation system of the Labor Ministry, 9,196 jobs were mislaid successful September 2025. From July to September, employment decreased for three consecutive months – something that had not happened for astir a year.

However, the wide representation is not worrying. The wide equilibrium for the 9 months of January-September 2025 remains positive, with the nett instauration of 308,105 caller jobs, which shows that the marketplace is stabilizing, with the alteration successful hiring successful caller months reflecting much of a transitional play of consolidation.

That is due to the fact that with the gradual enlargement of the integer labour paper to astir 265,000 businesses and 1.5 cardinal employees, we present spot the numbers reflecting existent employment and not conscionable declarations. Therefore, less fictitious recruitments appear, and much ineligible and decently insured jobs.

According to authoritative information from the Hellenic Statistical Authority (ELSTAT) published connected Thursday, the seasonally adjusted unemployment complaint successful September stabilized astatine 8.2%, compared to 9.7% successful September 2024 and to the upwardly revised 8.2% successful August 2025. The fig of employed radical amounted to 4,326,322, marking an summation of 59,086 radical compared to September 2024 (1.4%).

Despite the antagonistic equilibrium of hiring and firing successful the past three months, experts estimation that the marketplace besides presents a “positive picture,” that is the implementation of the integer labour paper and the legislative proviso that provides for cheaper overtime for employers, without employees losing immoderate money, arsenic done them they look to bring to the ineligible system “gray” labor, by limiting undeclared employment and enhancing transparency. This is arguably a small step toward a much honorable economy.