Greece’s Unemployment Rate Increased to Record High in May
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Greece’s unemployment rate rose to a record in May, amid the sixth year of an economic slump that has been deepened by austerity measures tied to bailouts from euro-area governments and the International Monetary Fund.
The seasonally adjusted jobless rate rose to 27.6 percent from a revised 27 percent in April, the Athens-based Hellenic Statistical Authority said in an e-mailed statement today. The median estimate of four economists in a Bloomberg survey was 26.9 percent. The April unemployment rate was revised from a previous reading of 26.9 percent.