Greek unemployment reaches record 27 percent

By Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Greek unemployment reaches record 27 percent
    Athens, April 12 (IANS/RIA Novosti) "The level of unemployment in Greece hit a record 27.2 percent in January, up 5.7 percentage points year on year, the Greek national statistics service Elstat said Thursday.
     

    The soaring unemployment comes amid austerity measures that the Greek government introduced in exchange for financial aid from international lenders.

    The country has entered its sixth consecutive year of economic recession.

    Average unemployment in the eurozone is about 12 percent, while the EU average is 10.9 percent, according to Eurostat's February figures.

    Greece's jobless rate soared by 1.5 percentage points in one month from last December, with about 95,000 people losing their jobs in the reported period.

    The country currently has more than 1.3 million unemployed, of whom some 281,000 lost their jobs between January 2012 and January 2013.

    Young people are the most vulnerable social group, with about 59.3 percent of people aged between 15 and 24 currently unable to find a job. Among those aged between 25 and 34, about 34.2 percent are unemployed.

    --IANS/RIA Novosti

    sd

    Read more about: greece
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more