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Greece's unemployment rate hits 26% in Sep  Join our daily free Newsletter

MENAFN - 07/12/2012

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(MENAFN) Greece's Statistical Authority announced that the country's jobless rate hit 26 percent in September, growing to 1.295 million unemployed people, reported AP.

The agency said that the number represents more than one-fourth of the country's workforce.

September's rate, the highest since the 1960s, is compared with 18.9 percent in 2011's same period and 25.3 percent in August.

It attributed the ongoing increase in the debt-ridden country's unemployment rate to austerity measures imposed by international rescue creditors in return for key rescue loans.

In November, Athens introduced new harsh austerity measures that include collecting USD3.9 billion in extra tax revenue.

 






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