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Greek jobless rate double that of Eurozone: Over 60% of young workers unemployed

AFP [1]
February 14, 2013

Tensions are running high in Greece as the country’s workers suffer from unemployment rates that are double the rest of the eurozone’s. More than 60 percent of Greece’s young workers are unemployed, according to new data.

The information, released by the Hellenic Statistical Authority, revealed that the country’s unemployment rate jumped from 26.6 percent last October to 27 percent in November. Other Eurozone nations hovered at an average unemployment rate of 11.7 percent in November.

Greece’s unemployment numbers are around double what they were in the beginning of 2010. That comes as a result of more than 300,000 Greeks losing their jobs between November 2011 and November 2012.

Young workers are suffering the most – the unemployment rate for those aged 15 to 24 sits at a whopping 61.7 percent. The 25 to 34 age bracket takes second place, with 36.2 percent unemployment.

Full story here. [1]