Greece’s Unemployment Rate Increased to Record High in July
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Greek unemployment rose to a record in July, 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 increased to 27.6 percent from a revised 27.5 percent in June, the Athens-based Hellenic Statistical Authority said in an e-mailed statement today. The median estimate of three economists in a Bloomberg survey was 28 percent. The June unemployment rate was revised from a previous reading of 27.9 percent.