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Thursday, December 6, 2012

Greek jobless rate hits record 26 percent

Workers are seen on a building under construction behind a sing with a Greek flag which reads "Greek Culture Ministry" in Athens on Thursday, Nov. 8, 2012. Figures Thursday showed unemployment figures up at 25.4 percent in August, increasing from 24.8 percent in July and 18.4 percent the year before. More than 1.2 million people in this country of barely 10 million are now unemployed, with 58 percent of all young people aged 15-24 are unemployed. (AP Photo/Petros Giannakouris)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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