Greek Unemployment Rate Rises To 27.6% In July

  on
Greece_Unemployment
People wait for their turn outside a Greek Manpower Employment Organisation office in an Athens suburb on Oct. 10, 2013.

Joblessness in Greece continued to edge up in July, hitting 27.6 percent, up from 27.5 percent in June, even as the government expects employment levels to improve in 2014.

Data from the National Statistics Service on Thursday showed that 1.36 million people were out of a job in July, which marked a 10 percent rise over the corresponding period in 2012, as Greece continues to reel from austerity measures put in place to aid recovery from the nation's debt crisis.

Despite hopes of an improved employment picture in the coming year, forecasts predict joblessness will remain high, averaging around 26 percent, compared to 27 percent in 2013.

Join the Discussion