Greece's Unemployment Hits Record 26%
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.
- » Bulgaria's IntMin Reports Slight Increase in Migrant Pressure on Border with Turkey
- » Western Experts Consider Irina Bokova Among Most Suitable Candidates for UN Chief
- » EC Proposes Measures to Improve E-Commerce, Increase Customer Trust
- » Eurogroup Agrees to Release Next Tranche of Greek Bailout
- » Leader of Turkey's Ruling Party Announces New Cabinet
- » Greece Begins Relocation of Migrants from Idomeni Refugee Camp