December 7, 2012
Greece’s unemployment rate rose to a new record of 26 percent in September, underscoring the economic plight in the country as it heads toward a sixth year of recession.
The Greek Statistical Authority said Thursday that 1.295 million people â€” more than one-fourth of the workforce in this nation of 10 million â€” were recorded as unemployed in September. Unemployment rose from 25.3 percent the previous month and 18.9 percent a year earlier.
Greek unemployment has surged to the highest since the 1960s as a result of harsh austerity measures imposed in return for vital international rescue loans.