ATHENS, Greece – Greece’s unemployment rate is continuing to climb, reaching 27.6 per cent in July compared with a revised 27.5 per cent a month earlier.
The national statistical authority said Thursday that 1.36 million people were without a job in July, up ten per cent from a year earlier.
The conservative-led government expects modest jobs growth next year. But even then, it forecasts unemployment to remain high, at an average 26 per cent compared with 27 per cent for this year.
The biggest labour union, the GSEE, has painted a much darker picture and expects unemployment to exceed 30 per cent in coming years.
The government also predicts that the economy will start to grow again next year — the first average annual growth since 2007 — albeit at an anemic 0.6 per cent.