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  • OAED reports increase of unemployment registrations in November

    The Manpower Employment Organization (OAED) has reported that there were 854,517 people who registered as being…

    The Manpower Employment Organization (OAED) has reported that there were 854,517 people who registered as being unemployed in November, while only 120,353 (about 14%) receive an unemployment benefit.

    Furthermore, 450,809 (52.76%) of those registered with OAED have been out of a job for 12 months or more, compared to 403,708 (47.24%) who have been unemployed for less than a year. Unemployment affects women more than it affects men (515,747 women versus 338,770 men).

    In the 15-19 age group there were 10,975 (1.28%) registered as unemployed, in the 20-24 age group there were 80,741 (9.45 %), in the 25-30 age group there were 122,871 (14.38), in the 30-44 age group 346,910 (40.6%), in the 45-54 age group 184,307 (21.57%), in the 55-64 age group there were 100,818 (11.8%) and in the 65+ age group there were 7.895 (0.92%) registered as unemployed.

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