Greece’s Unemployment Rate Increased to Record High in April
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Greece’s unemployment rate rose to a record in April as the economy struggled to emerge from a six-year slump deepened by government spending cuts.
The seasonally adjusted jobless rate rose to 26.9 percent from 26.8 percent in March, the Athens-based Hellenic Statistical Authority said in an e-mailed statement today. That’s in line with the median estimate of three economists in a Bloomberg News survey. The rate is the highest since the agency began publishing monthly data in 2004.