• Greek unemployment rate hit yet another record

Market news

11 April 2013

Greek unemployment rate hit yet another record

Greece's unemployment rate increased notably in January after dropping in the previous month, and hit a new record high, as the protracted debt crisis continued to weigh on activity in the recession-stricken economy.

The seasonally adjusted unemployment rate increased to 27.2 percent in January from 25.7 percent in December. In January 2012, the jobless rate was 21.5 percent, the Hellenic Statistical Authority said Thursday.

The number of unemployed persons increased 7.6 percent month-on-month to around 1.35 million in January. On an annual basis, unemployment climbed 26.3 percent.

At the same time, the number of employed persons in the country edged down 0.3 percent sequentially to around 3.62 million in January. Compared to January 2012, employment dropped by 7 percent.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.