Job­less rate shows no sign of re­ced­ing yet

Kathimerini English - - Front Page -

Greece’s un­em­ploy­ment rate re­mained at high lev­els in March, amount­ing to 26.8 per­cent against 26.7 per­cent in Fe­bru­ary and up from 22.2 per­cent in March 2012, ac­cord­ing to data re­leased yes­ter­day by the Hel­lenic Sta­tis­ti­cal Au­thor­ity (ELSTAT).

Within a year, 215,735 peo­ple joined the of­fi­cial job­less list, which at end-March num­bered 1,309,071. The big­gest prob­lem re­mains among women (30.4 per­cent) and peo­ple aged up to 24 years (58.3 per­cent).

Al­though there was lit­tle change on a monthly ba­sis, it is be­com­ing clear that the job­less rate is stuck at a par­tic­u­larly high level, with most mon­i­tor­ing or­ga­ni­za­tions ex­pect­ing the rate to range be­tween 25 and 27 per­cent at year-end. The Bank of Greece said re­cently that a de­cline in un­em­ploy­ment is not ex­pected to start be­fore 2015.

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