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Greece jobless rate up to record 26%
Posted By kurtnimmoadmin On December 7, 2012 @ 4:39 pm In Global Crisis | Comments Disabled
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 — more than one-fourth of the workforce in this nation of 10 million — 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.
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