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Greek Unemployment Soars By 1.5% In One Month, Hits Record 27.2%

Posted By admin On April 11, 2013 @ 10:44 am In Money Watch,Tile | Comments Disabled

Zero Hedge [1]
April 11, 2013

There was much hope in the feudal states of Europe that the monthly December drop in Greek unemployment – the first in years – was the beginning of the end for local misery. Alas, it appears the Greek statistics office leaarned a thing or two from the BLS and it was all seasonal adjustments. As reported earlier today, things just got much worse again, with January unemployment surging by 1.5% in one month to a new all time record high 27.2%. More importantly, the number of employed people in Greece, which dropped to a new record low of 3.617,771 compared to 3,888,400 a year ago (and down 11,653 from December), is now nearly as much as the entire inactive population at 3,346,423 and far below the ranks of the unemployed (1,348,694 – an all time high as well) and inactive.

Spread by gender, the unemployment rate for males was 23.9%, while a record 31.4% of eligible women had no job in January.

Finally, youth unemployment once again hit a record high 59.3% in January, even as unemployment among those aged 65-74 has soared from 0.9% in 2008 to 6.9% in 2013.

Some of the amusing, or not so amusing if you are a Greek citizen, charts and tables just release:

Greek Unemployment Soars By 1.5% In One Month, Hits Record 27.2% Greek%20Unemp%201 0 [2]

Greek Unemployment Soars By 1.5% In One Month, Hits Record 27.2% Greek%20Unemp%202 0 [3]

Greek Unemployment Soars By 1.5% In One Month, Hits Record 27.2% Greek%20Unemp%203 0 [4]

Source: Elstat [5]

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-04-11/greek-unemployment-soars-15-one-month-hits-record-272

[2] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/Greek%20Unemp%201.jpg

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/Greek%20Unemp%202.jpg

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/04/Greek%20Unemp%203.jpg

[5] Elstat: http://www.statistics.gr/portal/page/portal/ESYE/BUCKET/A0101/PressReleases/A0101_SJO02_DT_MM_01_2013_01_F_EN.pdf

[6] 1 in 4 Greek workers unemployed as joblessness hits record 25.4%: http://www.prisonplanet.com/1-in-4-greek-workers-unemployed-as-joblessness-hits-record-25-4.html

[7] Eurozone unemployment hits record high and reveals two-speed Europe: http://www.prisonplanet.com/eurozone-unemployment-hits-record-high-and-reveals-two-speed-europe.html

[8] Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas: http://www.prisonplanet.com/greek-prostitution-soars-by-150-as-youth-unempoyment-hits-75-in-some-areas.html

[9] Unemployment hits record high across the Eurozone at 12.2%, leaving nearly 20million people out of work: http://www.prisonplanet.com/unemployment-hits-record-high-across-the-eurozone-at-12-2-leaving-nearly-20million-people-out-of-work.html

[10] Nevada Maintained Record-High, Nation-Leading Unemployment of 14.4 Percent in September, Says Labor Department: http://www.prisonplanet.com/nevada-maintained-record-high-nation-leading-unemployment-of-14-4-percent-in-september-says-labor-department.html

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