Greece's Unemployment Hits Record 26%

World | December 6, 2012, Thursday // 18:40|  views

An old man stands in front of the Greek parliament building holding a poster that shows German Chancellor Angela Merkel as a Nazi and a placard that reads “201 Euros is my pension“, Athens, Greece, 11 November 2012. EPA/BGNES

Greece's unemployment rate has risen to a record high of 26% in September, as the country heads to a sixth year of recession, the Greek state statistics agency (ELSTAT) said on Thursday.

The jobless rate rose from 25.3% in the previous month and 18.9% a year earlier, data indicated as cited by DPA.

Official figures showed 1.295 million people were unemployed, with women making up 30.1% compared to 22.3% a year. The percentage of unemployed men stood at 22.9%, compared to 16.4% a year ago.

Greece's jobless rate was especially high for the 15-24 age group with 56.4% compared to 47.6% for the same month in 2011.

The Greek unemployment rate has increased dramatically as a result of harsh austerity measures demanded by Greece's international creditors in exchange for rescue loans.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Tags: greece, Greeks, unemployment, unemployed, unemployment rate, employment


» Related Articles: