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 Greek Unemployment Rises To Record High

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PostSubject: Greek Unemployment Rises To Record High   Greek Unemployment Rises To Record High Icon_minitimeThu Jul 12, 2012 12:49 pm

Greek Unemployment Rises To Record High


Greece's unemployment rate increased to a record high in April, as the country struggles to recover from one of the worst economic crisis since it became part of the single-currency bloc, data released by the Hellenic Statistical Authority showed Thursday.
The seasonally adjusted unemployment rate climbed to 22.5 percent in April from 22 percent in March. The latest figure, sharply higher than 16.2 percent recorded in April 2011, has hit an all-time high.
The number of unemployed persons in the country advanced 2.5 percent month-on-month to around 1.11 million in April. Compared to April last year, the number of jobless persons surged 38.4 percent.
At the same time, the number of employed decreased by 0.3 percent sequentially to about 3.81 million in April. Year-on-year, employment decreased 8 percent, data showed.


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