Greek umemployment rate hits record 28%

Comment on this story
Greece national flag1 REUTERS Picture: John Kolesidis / Reuters

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.

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

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines