DHAKA: The number of Greeks out of work has risen to a new high, with more than one million people unemployed, especially the young, official data shows.
The latest data, published on Thursday, showed that the country`s jobless rate climbed to 23.1 per cent in May from 22.6 per cent in April.
Almost 55 per cent of Greeks aged 15-24 are out of work, a desperate situation that fed into the popularity of anti-bailout parties in Greek elections this year.
The government announced plans to revive a labour reserve measure targeting 40,000 public servants for eventual dismissal, in a drive to achieve 11.5bn euros in savings promised to international lenders.
Government officials citing this scheme said Athens intends to shed tens of thousands of temporary contract workers by streamlining its needs across ministries and state entities.
Unemployment in Greece is already more than twice the average rate in the 17 countries sharing the euro and nearly as bad as in Spain where the jobless rate registered 24.6 per cent in the second quarter.
Source: Aljazeera
BDST: 0925 HRS, AUG 10, 2012
SA
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