Greek unemployment rise to 27.6%

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

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

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