Greece / Unemployment at 34% by 2016 according to a study by GSEE’s Employment Institute

According to a study by GSEE’s Employment Institute, the rate of unemployment in Greece will climb to 34% by 2016, despite the Ministry of Labor’s data suggesting that 63,122 new jobs were created in September.

The Employment Institute’s figures indicate that since October 2008 about 1,000,000 jobs have been lost, while ELSTAT’s 27.4% unemployment rate for March 2013 is the highest unemployment figure in the West for the past 30 years.

GSEE’s Employment Institute claims that the continued implementation of the government and troika policies will have detrimental effects on the GDP and employment over the next few years, with the rate of unemployment expected to climb to 34% by 2016.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via GSEE’s Employment Institute estimates 34% unemployment by 2016 – Το Βήμα Online.