Greece’s November Unemployment Rate Increases to 20.9%

Greece’s unemployment rate rose in November to a record high, while declining industrial production in December indicated a deepening economic contraction in the final quarter.

The unemployment rate rose to 20.9 percent, from 18.2 percent the previous month, the Hellenic Statistical Authority said today in an e-mailed statement. The November rate was the highest since the data series began in 2004. Industrial output fell 11.3 percent in December from a year earlier, according to a separate statement.