Thursday, June 20th11.4°C
17583

Business

Greece's unemployment rate hits 25%

by The Canadian Press - Story: 82977
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.

The Canadian Press


Read more Business News



Today's Market
S&P TSX12268.29-99.17
S&P CDNX924.25-5.74
DJIA15112.19-206.04
Nasdaq3423.5550.00
S&P 5001628.93-22.88
CDN Dollar0.9656N/A
Gold1306.30-67.3999
Oil96.19-2.05
Lumber286.90+5.40
Natural Gas3.937-0.026

 
Okanagan Companies
Sun Rype6.200.00
Pacific Safety0.045-0.01
Knighthawk0.020.00
QHR Technologies Inc0.64+0.03
Cantex0.18+0.125
Anavex Life Sciences0.6950.00
Metalex Ventures0.055-0.005
Russel Metals25.83+0.21
Copper Mountain Mining1.73-0.06
Colorado Resources0.78+0.05
ReliaBrand Inc0.130.00

 





FEATURED Property
16450289971 Purcell Dr
10065214 bedrooms
$164,800
more details
image2image2image2
view all featured properties
Click here to feature your property
Please wait... loading


Market turbulence takes its toll

Big Picture Economic Data Remains the Focus Equity markets around the world continued to decline this week as investors remain focused on the trend of economic data and whether economic growth is stro...


House hunting: finding the right fit

With so many choices and variables, how do you find the perfect fit? Before you start your search, it’s a good idea to narrow down the playing field by looking at what would fit you best. Here&r...


Reflections on water

My closest partner is my wife and this week I just wanted to share some of our work from her perspective, as she is more of a "thinker" than me, and I wanted to share our activities and goa...

_


Previous Stories


17798

FIND MORE
Position yourself in the Okanagan's most visually comprehensive business directory.

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here



17774

RSS this page.
(Click for RSS instructions.)

Member of BC Press Council