Greek unemployment rises to 21.7 percent in February; 336,500 lose job in past year
Greece’s unemployment rate rose to 21.7 percent in February, after 336,500 people lost their jobs in the past year in the crisis-hit country. The Greek Statistical Authority said Thursday that nearly 1.171 million people were out of work during the month. The jobless rate a year ago was 15.2 percent. Greece is suffering a fifth year of recession, largely due to harsh austerity measures demanded in return for international bailout loans required to avoid default.
Posted: May 10, 2012 5:35am
Submitted by: FF.News
Category: Low Impact Breaking News