Greece’s jobless rate rose to 27 percent in February from a downwardly revised 26.7 percent in January, the country’s statistics service ELSTAT said on Thursday.
It was the highest reading since the statistics service began publishing jobless data in 2006 and more than twice the euro zone’s average reading of 12.1 percent in March, reflecting the impact of a deep, austerity-fueled recession.
The number of unemployed rose to 1,320,189, ELSTAT said, while 3,568,186 were registered as employed.
The highest rate was registered for youths aged 15-24, at 64.2 percent.
Speaking in an interview broadcast Thursday morning on state-run NET television, Finance Minister Yannis Stournaras said he believed Greece’s battered economy will begin to recover starting next year, with the country’s unemployment rate starting to fall from the end of 2014 onwards.
Chosen excerpts by Job Market Monitor
via ekathimerini.com | Youth unemployment over 64 pct, as Greece jobless rate rises to 27 pct.
Job Market Monitor 
Discussion
Trackbacks/Pingbacks
Pingback: Only Austria, Germany, Japan, the Netherlands, Norway and Switzerland have youth unemployment rates below 10 percent | Job Market Monitor - May 10, 2013
Pingback: Letta réclame un plan d’urgence européen contre le chômage des jeunes | Moniteur de l'Emploi - May 10, 2013
Pingback: Greece’s youth unemployment hits 60% | The Daily Rapid - May 10, 2013
Pingback: Scotland / About 70% of young people involved in a programme have moved into jobs or further education | Job Market Monitor - May 27, 2013
Pingback: Greece / Unemployment rises to 28 pct in November | Job Market Monitor - February 14, 2014
Pingback: Greece’s Brain Drain – Young, educated workers are fleeing | Job Market Monitor - July 25, 2015