Crisis: Greece, May jobless rate climbs to record 27.6%


08 August, 15:37



(ANSAmed) – ATHENS, AUGUST 8 – Greece’s jobless rate hit a new record high of 27.6% in May, official national data showed on Thursday as the country staggers under austerity linked to its international bailout. Unemployment rose to 27.6% from an upwardly revised 27% reading in April, according to data from statistics service ELSTAT and was more than twice the average rate in the euro zone which stood at 12.1% in June. The latest reading was the highest since ELSTAT began publishing monthly jobless data in 2006.(ANSAmed).



Categories: EU Erosion

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