Greece’s unemployment rate rose to 11.8% in the second quarter of 2010. The statistic was at 11.7 % in the first quarter and 8.9% in the second quarter of 2009. The Hellenic Statistical Authority announced the figures on Thursday. The unemployment rate is almost equal to its 1999 levels, which were at 11.9%.
The number of unemployed people totaled 594,032 in the second quarter. This is an increase from 151,469 or by 34.2% within a year. It reflects the impact of an economic recession in the labour market. The number of new unemployed individuals seeking jobs accounted for 23.8% of the number of total unemployed people. Long-term unemployment accounted for 47.7 % of Greece’s total unemployment.
(source: ana-mpa)
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