|Greek unemployment rate hit 27.6 percent in July||| Print ||
|Written by Associated Press|
|Thursday, 10 October 2013 06:49|
ATHENS, Greece (AP) — 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 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Front Page Stories
|Perrysburg Twp. man gets 22 years for rape, assault
07/25/2014 | PETER KUEBECK, Sentinel Staff Writer
A Perrysburg Township man was sentenced to more than 22 years in prison Thursday afternoon after bei [ ... ]
|Otsego approves contract with staff|
07/25/2014 | Sentinel-Tribune
TONTOGANY - The Otsego school district has inked a new three-year contract with [ ... ]