Greek unemployment rate hits 25.4 per cent
A woman walks past a bus ticket kiosk Thursday, Nov. 8, 2012, that was burned during riots in Athens the day before. (AP Photo/Nikolas Giakoumidis)
The Associated Press
Published Thursday, November 8, 2012 7:35AM EST
ATHENS -- Greece's statistics agency says unemployment rose to 25.4 per cent in August, increasing from 24.8 per cent in July as the country struggles through a deep recession.
The numbers mark a significant leap from the 18.4 per cent jobless rate in the same month last year.
More than half -- 58 per cent -- of all young people aged 15-24 are unemployed, the figures showed.
The numbers were released a day after Greece's parliament narrowly passed a deeply unpopular austerity bill that will further cut salaries and pensions.
The approval of the measures was a key step for Greece to be given the next instalment of its vital bailout loans.