Official data shows Greece’s unemployment rate hit 12 percent in May, up slightly from April’s 11.9 percent and way higher than 8.5 percent a year ago, before the country was hit by the severe financial turmoil.
The jobless rate was marginally below the 10-year high of 12.1 percent that it hit in February. Young people were the hardest-hit, with nearly one in three, or 32.5 percent, between the ages of 15 and 24 out of work, compared to 25 percent in May 2009.
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