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
Havixbeck promises to overhaul 311
Steeves pledges changes to photo radar practices
Football Herd has great chance with Yantz
MS River Rouge will have to leave the Alexander Docks
Injuries sideline Bombers Vega and Kuale
Holder: 'Change is coming' after police shooting
Bowman unveils plan to help small biz by lowering tax burden
Ukrainian govt troops take over much of Luhansk
Neanderthals and humans had 'ample time' to mix
NewsAlert:Missing journalist found dead
NDP MP quits over Mulcair's stance on Israel
Don't waste Wednesday's wonderful weather
Obama to speak after militants behead American
Top exhibit designer visits CMHR
Missing man, 54, last seen in Elmwood
Boyfriend admits to killing, says he was 'different guy'
Ceasefire necessary in Ukraine
Germany, Italy, ready to send arms to Iraq Kurds
Travel journalists descending on Winnipeg for Canadian Tourism Commission event
Hockey pair back atop 'Amazing Race Canada'
Bombers uniforms give loyal fans the Blues
Other fish in the sea? Not so, says crusading chef
Canadian rock band Moist to play at Burton Cummings Theatre
Airstrike kills wife and child of Hamas figure
Mulcair says smoking weed is personal choice
Canada's Armstrong to receive bronze
Target regrets rushed Canadian openings: exec
36 dead, 7 missing in Hiroshima landslide
Kale easy to grow, packs nutritional punch -- even helps bees
Google's pivotal IPO launched a decade of big bets
Global cruise lines set sail for China