skip to main content

Greek jobless rate moves up to 26% in September

Greece's unemployment rate rose to 26% in September, as the country heads toward a sixth year of recession.

The Greek Statistical Authority said today that 1.295 million people were recorded as being unemployed in September.

This pushed up the jobless rate up from 25.3% the previous month and 18.9% a year earlier.

The number of people employed stood at 3,695,053 while another 3,373,692 were listed as financially inactive, according to a statement with September data.

Greek unemployment has surged as a result of harsh austerity measures imposed in return for international rescue loans.

The Bank of Greece forecast this week that the country's gross domestic product would contract by more than 6% this year, and by a further 4-4.5% next year.