Greek umemployment rate hits record 28%


Athens - Greece's unemployment rate rose to a record 28 per cent in November, an increase from a downwardly revised 27.7 per cent the previous month, the Statistical Agency ELSTAT reported Thursday.

The rate was more than twice the eurozone average of 12.1 per cent in November, with ELSTAT saying youth unemployment in the 15-24 age group remained exceptionally high, hitting 61.4 per cent in November from 61 per cent in the previous year.

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Picture: John Kolesidis / Reuters

In total, 1.38 million people were out of work in Greece, it said.

Greece has implemented unpopular austerity measures demanded by international creditors in exchange for bailout loans.

It remains in recession for the sixth-straight year. - Sapa-dpa

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