Greek unemployment dips to 26.4 percent PDF  | Print |  E-mail
Written by By Associated Press   
Thursday, 07 March 2013 07:24

ATHENS, Greece (AP) — Unemployment in Greece dipped marginally to 26.4 percent in December, but experts warn that more significant improvements are unlikely in coming months.

The Greek Statistical Authority said Thursday the November figure had been revised from 27 percent originally, a record high, to 26.6 percent.

The rate has fluctuated around the record levels in recent months, with some economists expecting an increase to 30 percent this year.

About a million Greeks have lost their jobs since the start of the recession in late 2008. Only 3.7 million people work out of a population of nearly 11 million.

Unemployment has surged amid austerity measures demanded by rescue lenders from other eurozone countries and the International Monetary Fund. Debt inspectors are in Athens to press for faster cuts to public sector staff.


Copyright 2013 The Associated Press.

Last Updated on Thursday, 07 March 2013 07:28
 

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