Tags: Greece | Unemployment Rate | Jobs | Labor

Greek Unemployment Rate Hits 27.6 Percent in July

Thursday, 10 October 2013 09:03 AM EDT

Greece's unemployment rate is continuing to climb, reaching 27.6 percent in July compared with a revised 27.5 percent a month earlier.

The national statistical authority said Thursday that 1.36 million people were without a job in July, up ten percent from a year earlier.

The conservative-led government expects modest jobs growth next year. But even then, it forecasts unemployment to remain high, at an average 26 percent compared with 27 percent for this year.

The biggest labor union, the GSEE, has painted a much darker picture and expects unemployment to exceed 30 percent in coming years.

The government also predicts that the economy will start to grow again next year — the first average annual growth since 2007 — albeit at an anemic 0.6 percent.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
Greece's unemployment rate is continuing to climb, reaching 27.6 percent in July compared with a revised 27.5 percent a month earlier.
Greece,Unemployment Rate,Jobs,Labor
123
2013-03-10
Thursday, 10 October 2013 09:03 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved