Un­em­ploy­ment up again in Oc­to­ber-De­cem­ber

Kathimerini English - - Focus -

Greece’s un­em­ploy­ment rate is ris­ing again, reach­ing 23.6 per­cent in the last quar­ter of 2016 – up one per­cent­age point on the quar­ter. Greece’s sta­tis­ti­cal au­thor­ity said yes­ter­day that the num­ber of job­less was 1.12 mil­lion in Oc­to­ber-De­cem­ber, com­pared with 1.09 mil­lion in the third quar­ter of 2016. Greece’s un­em­ploy­ment rate is the high­est in the Euro­pean Union and hit record lev­els dur­ing the coun­try’s seven-year fi­nan­cial cri­sis, reach­ing 27.8 per­cent in early 2014. The econ­omy has suf­fered amid long de­lays in the gov­ern­ment’s talks with in­ter­na­tional cred­i­tors on get­ting the latest batch of bailout loans. Eco­nomic out­put fell 1.2 per­cent on the quar­ter in Oc­to­ber-De­cem­ber. The sta­tis­ti­cal au­thor­ity said 72 per­cent of Greece’s job­less have been out of work for at least a year.

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