Greek Jobless Rate Breached 16 Percent for First Time in March
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Greece’s unemployment rate exceeded 16 percent in March, extending a record high as the nation’s economy remained mired in the third year of a recession.
The jobless rate rose to 16.2 percent from 15.9 percent in February, the Hellenic Statistical Authority said today in an e-mailed statement in Athens. That was the highest since Greece began releasing monthly unemployment data in 2004. Economists expected a rate of 16 percent, according to the median of three estimates in a Bloomberg News survey.