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Saturday 18 November 2017

Greek unemployment rises to 27.9pc

A woman walks past a display by protestors of municipal police T-shirts with written signs, one reading 'We want jobs, not joblessness' in the city of Thessaloniki (AP)
A woman walks past a display by protestors of municipal police T-shirts with written signs, one reading 'We want jobs, not joblessness' in the city of Thessaloniki (AP)

Unemployment continues to rise in recession-hit Greece, reaching 27.9pc overall in June. Even worse, 58.8pc of people aged under 25 are out of work.

The Greek Statistical Authority reported on Thursday that the jobless rate had risen from 24.6pc the previous year. In June 2008 before the global financial crisis hit and Greece entered recession, the rate stood at 7.3%.

The jobless total stood at just over 1.4 million. In addition, around 3.33 million people in Greece are considered inactive, just shy of the 3.63 million in work.

Years of emergency taxes, pay cuts, and other austerity measures implemented as a condition of international bailout loans have hammered Greece's private sector.

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

Press Association

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