Author Topic: new record unemployment (don't trust the # s!!!)  (Read 967 times)

Offline alexinathens

  • X-treme Master
  • *******
  • Join Date: Mar 2013
  • Posts: 2475
  • Country: gr
  • Karma: +88/-2
  • lives in Lalalandia...
    • View Profile
    • Paradise and hell coexist on planet Earth
new record unemployment (don't trust the # s!!!)
« on: February 13, 2014, 11:09:06 AM »
...because if you do trust them that means that there is a 62 % of the population that is employed/retired/or just a lot of people out of the work force

The jobless rate in Greece reached a record high of 28% in November, according to newly released government figures.

The rate increased from 27.7% in the previous month. For those under the age of 25, unemployment hit 61.4%.

Harsh austerity measures have led the Greek economy to shrink by a quarter in four years.

However, other economic indicators have suggested that there are signs of recovery.

The BBC's Mark Lowen in Athens says the bleak unemployment numbers are in contrast to a message that the government has been trying to push: that Greece has turned a corner, with six years of recession due to end this year and light on the horizon.

He says the contrast with pre-crisis Greece is stark. Before the country received its first 110bn-euro ($150bn; £90bn) bailout in May 2010, the jobless rate was under 12% here.

Slight growth is expected this year and the deficit now wiped out, apart from interest payments on the bailout.

 ;D slight growth is expected...

...too bad I won't see it in this life time  ;D
« Last Edit: February 13, 2014, 11:11:28 AM by alexinathens »