The Canadian Press - ONLINE EDITION
Posted: 09/12/2013 4:42 AM | Comments: 0
Last Modified: 09/12/2013 4:43 AM
ATHENS, Greece - Unemployment continues to rise in recession-hit Greece, with the overall rate reaching 27.9 per cent in June. Even worse, 58.8 per cent of people under age 25 are out of work.
The Greek Statistical Authority reported Thursday that the jobless rate had risen from 24.6 per cent the previous year. In June 2008 before the global financial crisis bared its teeth and Greece entered recession, the rate stood at 7.3 per cent.
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.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Perreault a game-time decision for Jets again
Oilers win Connor McDavid draft lottery
Ducks expecting a more physical game against the Jets tonight
The heart of the matter
Joan Jett emotional on induction into Rock Hall
We're building a better experience
Candid Carlyle wants back in
Police investigating homicide in North End
Family searching for missing man
Jets this week - Game 2 with Tim and Gary
Saskatchewan premier says prayer will stay
Flooded with miscalculations
Blood starts boiling in Flames-Canucks series
Fire-paramedic review urged
Donaldson rallies Jays past Braves 6-5
Police looking for suspect in sex assault on Notre Dame
Raptors GM uses colourful language again
Who speaks for the middle class? Everyone
Provincial dairy production soars, driven by demand for locally made cheese and butter
Jets need a few breaks
Big bucks for seats at Selinger speech
Hot sunny Saturday ahead
Winnipeg author recounts the history of hockey's kooky collectibles
Talent search: Bombers looking for players in Florida
World Cup action just around corner
Irish comic heralds impotence (if it happens to come to that)
Going whole hog: Harley dealership owner has collection of 20 vintage bikes
The underdog won't back down
Rugby Wasps off to butt heads in Ireland
Common cause unites diverse communities
Prof. Popsicle wants Tory nod in city riding
Canucks down Flames to even series 1-1