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Greek unemployment rate hits record

Athens - Greece's unemployment rate rose to a record 28% in November, an increase from a downwardly revised 27.7% the previous month, the Statistical Agency Elstat reported Thursday.

The rate was more than twice the eurozone average of 12.1% in November, with Elstat saying youth unemployment in the 15-24 age group remained exceptionally high, hitting 61.4% in November from 61% in the previous year. In total, 1.38 million people were out of work in Greece, it said.

Greece has implemented unpopular austerity measures demanded by international creditors in exchange for bailout loans. It remains in recession for the sixth-straight year.


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