Greek unemployment rate rises to 27.6% in July


People wait for their turn outside a Greek Manpower Employment Organisation, or OAED, office in an Athens suburb on Oct. 10, 2013. Reuters/John Kolesidis

(IBTimes) Joblessness in Greece continued to edge up, hitting 27.6 percent in July, up from 27.5 percent in June, even as the government expects employment levels to improve in 2014.

Data from the National Statistics Service showed on Thursday that 1.36 million people were out of a job in July, which marked a 10 percent rise compared to the corresponding period in 2012, as the nation continues to reel from austerity measures put in place to help the nation recover from a debt crisis.

And, despite hopes to improve employment in the coming year, forecasts predict joblessness to remain high, averaging around 26 percent, compared to 27 percent in 2013.