Greece February jobless rate at record high

The Greek jobless rate reached a record high in February as stringent austerity measures amid severe recession weighed heavily on the labor market. It has the highest unemployment rate in euro area. The unemployment rate increased to a record 27% in February from a revised 26.7% in January, the Hellenic Statistical Authority said Thursday. The number of unemployed rose to 1,320,189 while 3,568,186 were registered as employed. The highest rate was registered for youths aged 15-24, at 64.2%. A year ago in February unemployment had been 21.9%, the statistics agency said.

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