Jobless rate shows no sign of receding yet
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.