Unemployment in Greece escalating

Unemployment in Greece escalating

Unemployment in Greece climbed to 16.6% in May, according to a Labour Force Survey released by the independent Hellenic Statistical Authority (ELSTAT) earlier on Thursday.

Unemployment in Greece escalating
Unemployment in Greece climbed to 16.6% in May, according to a Labour Force Survey released by the independent Hellenic Statistical Authority (ELSTAT) earlier on Thursday.

According to ELSTAT, the number of the employed amounted to 4,131,528 persons and the number of the unemployed amounted to 822,719 persons, while the total of inactive people is 4,383,374.

In comparison to May 2010 data, the number of the employed decreased by 299,798 persons, a decrease of 6.8%, and by 51,804 persons compared with April 2011 (a 1.24% rate of decrease).

The unemployment rate in May 2011 was 16.6% compared to 12.0% in May 2010 and 15.8% in April 2011.

Source: ANA-MPA
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