Greece’s jobless rate scaled a new record of 27.0 per cent in November from a revised 26.6 percent in October, the country’s statistics service ELSTAT said this week.
Greek unemployment was more than double the euro zone’s average rate of 11.7 percent in November as a crippling, austerity-fuelled recession continued to take its toll on the labour market.
Separate surveys showed the country remains stuck in recession and predicted nearly a third of the population will be in poverty by the end of the year.
Worst affected are the young, with 61.7 per cent of those in the 15-24 age group without a job.
3.6 million Greeks remain employed, but 3.3 million are registered as inactive and 1.35 million are unemployed, according to the November figures.
Source: Reuters, Daily Telegraph.