Where do Greeks work?

Over the past decade, the net hiring rate (the difference between hiring and firing) in the Greek labor market has revealed that the teaching profession is in first place.

Surprising data published by the Eurobank's economic analysis department showed that as a result of the balance sheet hiring and layoffs during the year, an additional 35,900 teachers were hired in the public and private sectors.

This trend has affected all levels of education: preschool, primary, secondary and higher education, as well as teachers providing private lessons (including in a foreign language). It is surprising that this trend is observed despite the decline in enrollment due to demographic problems.

Bank economists explain this increasing the number of teachers on staff. However, most of the new jobs were created in the private sector, including new areas such as learning centers and new institutions providing private lessons from primary school onwards. Although Eurobank economists do not say this directly, it is clear that partly active participation of the private sector in the education system is associated with the low quality of public educational structures.

For Educational professions are followed by a huge list of professions, almost all of which are related to tourism. In recent years, starting in 2015, Greek women have taken up jobs in large numbers waitresses, bartenders, and salespeople (+42,000 employed).

Next on the list are reception staff, receptionists, maids and hotel managers (+24,400 employees), followed by professions cooks (+21,900 employees), waiters (7.9 thousand employees), cleaners and even drivers.

It's about hundreds of thousands of jobswhich provide income to many regions of the country. This was expected, given significant growth in tourist flows and income, as well as significant investments made in the tourism product in recent years. However it also shows the degree of dependence of the Greek labor market on tourism.

Even more worrying is that There are no professions with a strong positive sign in the balance of employment and layoffs in economic sectors with high added value, starting from from the primary sector to the manufacturing industry. They are disproportionately absent, exposing the Greek economy to risks in the event of a possible reversal of the positive trend currently observed in tourism.

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