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Unemployment in Greece Reaches Record Rate

unemploymentAccording to data released on Wednesday by the Greek Statistics Service, unemployment in Greece has reached the historical level of 27.4%.
Unemployment rate increased by 0.1% compared to August (27.3%) and by 1.4% compared to September, 2012 (26%).
The number of employed in September 2013 was estimated at 3,639,429 people. The unemployed amounted to 1,376,463 people, while the economically inactive population reached 3,327,859 people.
According to ELSTAT, the number of employed decreased by 54,128 people compared to September 2012 (drop of 1.5%) and increased by 5,397 persons compared to August 2013 (increase of 0.1%).
The unemployed increased by 77,161 people compared to September 2012 (increase of 5.9%) and by 14,023 people compared to August 2013 (increase of 1.0%).
Concerning the economically inactive population (persons who neither have nor looking for work) their number decreased by 25,175 people compared to September 2012 (drop of 0.8%) and by 5,296 people compared to August 2013 (drop of 0.2 %).
As reported, during the last four months there has been relative stability in the estimated seasonally adjusted unemployment rate, although further research is necessary to confirm that there is a significant change of employment and unemployment rates.
Among women, unemployment reached 31.4% , in men 24.5%, while people aged 15 to 24 years old are hit hardest (51.9%).
Finally, the biggest rates of unemployment were recorded in Epirus (30%) and Macedonia (30.4%).

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