Economy

xchrom

(108,903 posts)

28. Greece jobless rate hits new record of 28%

Thu Feb 13, 2014, 06:42 AM

Feb 2014

http://www.bbc.co.uk/news/business-26171213

The jobless rate in Greece reached a record high of 28% in November, according to newly released government figures.

The rate increased from 27.7% in the previous month. For those under the age of 25, unemployment hit 61.4%.

Harsh austerity measures have led the Greek economy to shrink by a quarter in four years.

However, other economic indicators have suggested that there are signs of recovery.

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