Greek unemployment rise to 27.6%

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Greece national flag1 Reuters File photo.

Athens - Unemployment in Greece rose to 27.6 per cent in July amid a sixth year of recession, which has been deepened by austerity measures demanded in exchange for multibillion-euro bailout loans.

Th monthly adjusted jobless rate increased from a revised 27.5

per cent in June, the Athens-based Hellenic Statistical Authority said Thursday.

The figure was more than twice the eurozone average of 12 per cent in August.

The unemployment rate for Greeks aged 15 to 24 was 55.1 per cent while the jobless rate for those up to the age of 34 was 36.2 per cent.

The region with the highest jobless rate was Epirus-western Macedonia at 30.5 per cent.

Highly indebted Greece has been implementing unpopular austerity measures demanded by the European Union and International Monetary Fund in exchange for its bailout.

The conservative-led government has promised to end the recession next year. - Sapa-dpa



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