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Greek unemployment

Unemployment Costs Greek Economy $5 Billion Annually

With Greece's unemployment rate at a record 23.1 percent and rising, the costs are growing too. The National Confederation of Greek Commerce (ESEE) estimated that joblesness, with nearly two million people out of work, costs the economy about $5...

Greek Unemployment Rises to 23.1 Percent

Greece΄s statistical agency says unemployment in the crisis-struck country rose to a startling 23.1 percent in May, from 16.8 percent a year earlier.  An agency statement on August 9th, said the worst affected group is young people under 25, where 54.9...

Unemployment Hits 21.9 pct in March

Greece's statistics agency says unemployment in the country rose to 21.9 percent in March, spiking from 15.7 percent in the same month last year and up from 21.4 percent in February. Greece has been struggling through a vicious financial crisis...

Greeks Seek Austerity Trial at The Hague

It is rare for citizens to try to take their government to court, and even more so for a Western European government to be taken to the International Criminal Court (ICC) in The Hague. But that is what one group...

Greek Unemployment Hits 21.8%

Greece's unemployment rate increased to 21.8 per cent in January, with nearly 350,000 people losing their jobs in the past year while the debt-strapped country's economy remains stuck in recession. The Greek Statistical Authority said Thursday that 1,084,668 people were...

Cuts Drive Greek Unemployment to Record High‎

Greece’s unemployment rate rose in November to a record high, while declining industrial production in December indicated a deepening economic contraction in the final quarter. The unemployment rate rose to 20.9 percent, from 18.2 percent the previous month, the Hellenic...

Greece Sees Record Rise in Unemployment in 2011

Greece, Cyprus and Spain are the EU countries seeing the highest rise in unemployment at the end of 2011 compared with the same period in 2010. This was seen in Eurostat data, which showed that Greece had the highest...

Unemployment Reached 18.2%

Greece's jobless rate rose to 18.2 percent in October from 17.5 percent in September, the country's statistics service ELSTAT said on Thursday. The number of employed decreased by 303,768 persons compared with October 2010 (a 7.0% rate of decrease) and...

Under-25 Unemployment Rises, Worst Rates Found in Spain and Greece

The rate of unemployment for those under age 25 continues to rise. In November 2011, it was at 22.3% in the 27 member states (compared to 22% in October 2011 and 22% in November 2010). The eurozone figure is not...

Unemployment Rate At 17.5% In September

Greek unemployment rate in September 2011 was 17.5% compared to 12.6% in September 2010 and 18.4% in August 2011, according to Greek Statistical Authority. In a statement, ELSTA said that the number of employed amounted to 4,051,109 persons while the...