News Column

Greek Unemployment Rises to Record 25.1 Percent

Oct. 11, 2012

Greece's unemployment rate rose to a record 25.1 per cent in July, up from 24.8 per cent in the previous month, the Hellenic Statistical Authority (ELSTAT) said in a statement on Thursday.

"Unemployment in July 2012 was 25.1 per cent, compared with 17.8 per cent in July 2011," the agency added. The country is battling a fifth year in recession.

According to ELSTAT, 1.26 million Greeks were jobless in July. The worst affected was the 15-24 age group, where unemployment reached 54.2 per cent.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters