Pages

Thursday, December 6, 2012

Record Greek jobless rate highest in euro zone in September

People stand outside an unemployment bureau in AthensATHENS (Reuters) - Unemployment in Greece climbed to a new record of 26 percent in September, topping that of Spain to become the highest in the euro area, data by Greece's statistics service ELSTAT showed on Thursday. Greece's jobless rate has almost tripled since it started climbing in September 2009, driven higher by the global financial crisis and then by severe austerity policies imposed by the bailed-out country's international lenders. Unemployment is more than double the euro zone average of 11.6 percent, edging past the rate in struggling Spain, which was 25. ...



READ THE ORIGINAL POST AT news.yahoo.com