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Greece's Unemployment Nightmare Continues To Get Worse

Sam Ro   

Greece's Unemployment Nightmare Continues To Get Worse
Stock Market1 min read

It's hard to think about how bad things are in Greece.

According to the Hellenic Statistical Authory (ELSTAT), Greece unemployment rate climbed to 28.0% in November 2013 from 27.7% the month prior.

This is a record high for the country, and its far higher than the eur0 zone's average of 12.1%.

From ELSTAT:

The number of employed decreased by 112,752 persons compared with November 2012 (a 3.1% rate of decrease) and by 35,726 persons compared with October 2013 (a 1.0% rate of decrease).

Unemployed increased by 78,041 persons (a 6.0% rate of increase) compared with November 2012 and by 5,698 persons compared with October 2013 (a 0,4% rate of increase).

Inactive persons -that is, persons that neither worked neither looked for a job- increased by 36,448 persons (a 1.1 rate of increase) compared with November 2012 and by 6,331 persons compared with October 2013 (a 0.2% rate of increase).

greece unemployment

ELSTAT

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