Greece's statistics agency says unemployment rose to 25.4 per cent in August, increasing from 24.8 per cent in July as the country struggles through a deep recession.
The numbers mark a significant leap from the 18.4 per cent jobless rate in the same month last year. More than 1.2 million people in this country of barely 10 million are now unemployed, the statistics agency said today.
More than half, 58 per cent, of all young people aged 15-24 are unemployed, the figures showed.
The numbers were released a day after Greece's parliament narrowly passed a deeply unpopular austerity bill that will further cut salaries and pensions.
The approval of the measures was a key step for Greece to be given the next instalment of its vital bailout loans.
Read more Business News
- $6M for Innovation CentreKelowna - 11:37 am
- Sharing fruits of their labourPenticton / S. Okanagan - 3:24 pm
- Casino wants to moveBC - 2:18 pm
- NYC shootoutWorld - 2:27 pm
|QHR Technologies Inc||1.15||0.00|
|Anavex Life Sciences||0.265||-0.01|
|Copper Mountain Mining||2.97||+0.15|
|Sunrise Resources Ltd||0.02||-0.03|
|Mission Ready Services||0.19||+0.01|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...