More than 13,000 thousand jobs were lost in the month of September in Greece, the second worst salaried employment drop in the last 15 years, the Labor Ministry of Greece stated.
In the past years Greece has faced repeated rounds of spending cuts and tax hikes imposed by the bailout agreement with Greece's European creditors. The country’s multiple rescues from the brink of bankruptcy since 2010 thanks to bailout loans have led to increasing unemployment and rising poverty, and resulted in an overall erosion of living standards.
Nearly 27.9 percent of the population could not find a job between 2009 and 2014, according to the Statistical Office of the European Union (EuroStat).
Employment has declined from 42.25 percent to 38.15 percent since last September, according to ministry statistics. Part-time employment, however, has increased by 15.46 percentage points and shift work added 7.71 percentage points, suggesting that those who cannot find full-time jobs are obliged to work fewer hours and earn less.