Greece's unemployment rate hits 25%
Nov 8, 2012 / 5:54 am
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
|QHR Technologies Inc||1.20||-0.08|
|Anavex Life Sciences||0.37||-0.01|
|Copper Mountain Mining||1.56||+0.02|
This column is the last of three, for how to prove your personal injury claim. It is the piece de resistance of the trilogy, the Chuck Norris piece – the final say! As mentioned in the first two...
The bank manager just phoned and asked for full and immediate repayment of the line of credit because the latest, (and they were late!), financial statements showed continuing losses and falling sales...
Recently I recorded a video series for my keynote speaking business. It was called from Faith to Future. In one of the episodes, I talked about the concept of using hard work to get out of a difficul...
- Expert tells jury Warhol portrait of Fawcett at centre of dispute is worth $12 million
- Newfoundland premier will announce financing for $7.7B hydro project: sources
- Judge orders Colo. cake-maker to serve gay couples for wedding celebrations
- Custom offers, guidance as you walk around Apple stores with precise location technology
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- Housing starts fall in November: CMHC
- Markets advance, strong U.S. jobs data competes with Fed tapering concerns
- Canadian dollar closes lower amid strong Canadian, U.S. jobs reports
- Google, Facebook, other major tech companies call for tighter controls on government snooping
- Canadian big banks post record profits in 2013, but outlook raises concern
- Ontario company to be sentenced in deadly Toronto propane plant blast
- Singer Bocelli visits MIT for workshop on adaptive technology for the visually impaired