Greece Unemployment Hits Record 25 percent

Unemployment in Greece hit a record 25.1% in July, with the level among young people reaching 54.2%, according to the latest official figures.

Greece’s statistical authority said 1.26 million Greeks were jobless in July, with more than 1,000 jobs lost every day over the past year.

With austerity cuts continuing and Greece likely to enter another year of recession, the level may rise further.

The worst-affected 15-24 age group, however, includes those in education.

According to Greece’s statistics agency the total unemployment rate rose from 24.8% in June. In July 2008, a year before Greece’s financial crisis broke, there were about 364,000 registered unemployed.

via BBC

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