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Greek Traders: "Unemployment in Greece is Sky High"

unemploymentAccording to the annual survey of the National Confederation of Hellenic Commerce (NCHC), Greek unemployment is one of the most pressing issues that the coalition government must deal with. Young people between the ages of 15-24 are most at risk of finding themselves out of work. According to the Hellenic Statistic Authority (EL.STAT), 57.2 percent of young people are without a job.
The majority of the unemployed (71 percent) have had no work for 12 months or more, while 23.3 percent of the total have never worked. There were 3,635,905 people employed and 1,345,387 unemployed.
The percentage of those who live in Greece but have foreign citizenship and are currently unemployed is large (36.6 percent) compared to Greeks (26.1 percent). Unsurprisingly, those with a University degree or a PhD have more chances of finding a job.
The high rate of unemployment is affecting commerce in Greece as the numbers of those who are self-employed is constantly declining.

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