ECONOMY

Greek unemployment rate rose to 21.9 percent in March

Greece?s unemployment rate has risen to 21.9 percent, according to figures published by the Hellenic Statistical Authority (ELSTAT) on Thursday.

The unemployment rate in March 2012 was 21.9 percent compared to 15.7 percent in March 2010 and 21.4 percent in February 2012, ELSTAT said. This means there were 1,075,081 unemployed Greeks in March.

The number of employed amounted to 3,843,905 people, while the number of inactive to 3,372,144.

The highest unemployment rate was in the 15-24 age group, where it reached 52.8 percent, up from 42 percent a year earlier.

There was also a substantial rise in the jobless rate for those aged between 25 and 34, where it rose to 29.8 percent from 22.1 percent in March 2011.

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