Tag Archives: Greece employment

Greece’s invisible jobless

There are many visible signs in Greece that the economic crisis has taken hold of the country; dozens of shops are closed in every neighbourhood and fewer cars are on the road. But unemployment, one of the most serious consequences of the three-year recession and mounting debt crisis, is almost impossible to detect.

Despite the appearance of business as usual, Greece has just announced the worst unemployment figures since joining the euro. The jobless rate in March reached 16.2 per cent, which means some 230,000 people were sacked over the previous year. Unemployment soars almost 7 percentage points above the European Union average. Only Latvia, Lithuania and Spain show more depressing figures.

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