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Greece / Youth unemployment at 56.6 percent

The number youths aged between 15 and 24 out of work in October rose to 56.6pc, compared with 22.1pc in the same month four years ago, statistics service ELSTAT said.

Greece’s jobless rate has almost tripled since September 2009 as the country’s debt crisis emerged, and is more than double the average rate in the 17-nation euro zone, which stood at 11.8pc in November.

A record 1.34 million Greeks were without work in October, up 38pc from the same month in 2011, with another 36,219 lost after September when the jobless rate stood at 26.2pc.

Austerity policies imposed by the bailed-out country’s international lenders to shore up public finances have taken a toll on the battered economy, which was shrinking at an annualised rate of nearly 7pc in the third quarter.

Choosen excerpts by Job Market Monitor from

Telegraph

via Greek youth unemployment edges toward 60pc – Telegraph.

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