Greek unemployment dips, still above 26 percent - Tri-State News, Weather & Sports

Greek unemployment dips, still above 26 percent

ATHENS, Greece (AP) -

Greek unemployment dropped considerably in the second quarter but still afflicts more than a quarter of the workforce, as the country struggles to climb out of a punishing six-year economic recession.

The Greek statistical authority said Thursday that 1.28 million people, or 26.6 percent, were unemployed in April-June, compared with 1.34 million, or 27.8 percent, in January-March.

In the second quarter of 2013, the unemployment rate was 27.3 percent. Nearly a million jobs have been lost during Greece's economic crisis, which started in 2009 amid revelations the budget deficit was much higher than previously reported.

Greece swiftly lost access to financial markets, on which it had relied to finance its spending, and was saved from bankruptcy by international bailouts.

To secure these loans, Athens imposed harsh austerity measures.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • LOCALMore>>

  • Evansville woman from Puerto Rico collecting items for Hurricane Maria relief

    Evansville woman from Puerto Rico collecting items for Hurricane Maria relief

    Friday, October 20 2017 10:13 PM EDT2017-10-21 02:13:44 GMT
    Dr. Manley's wife, Leida, is from Puerto Rico. They've started collecting dozens of nonperishable items to be shipped to Puerto Rico.Dr. Manley's wife, Leida, is from Puerto Rico. They've started collecting dozens of nonperishable items to be shipped to Puerto Rico.

    A Tri-State woman is seeking help for Puerto Rico. Her brothers and sisters are among those still in need, one month after Hurricane Maria upended the island. More than 80% of the island is still without power, and about a third of people have no access to clean water.  Leida Manley and her husband, Dr. Clovis Manley, started collecting canned goods and other necessities to ship to the island. Leida, born and raised in Puerto Rico, has eight brothers a...

    More >>

    A Tri-State woman is seeking help for Puerto Rico. Her brothers and sisters are among those still in need, one month after Hurricane Maria upended the island. More than 80% of the island is still without power, and about a third of people have no access to clean water.  Leida Manley and her husband, Dr. Clovis Manley, started collecting canned goods and other necessities to ship to the island. Leida, born and raised in Puerto Rico, has eight brothers a...

    More >>
  • Boonville High School brings in record-breaking numbers for Sunrise School Spirit

    Boonville High School brings in record-breaking numbers for Sunrise School Spirit

    Friday, October 20 2017 8:50 PM EDT2017-10-21 00:50:50 GMT

    Friday morning on Sunrise School Spirit we saw the best of one Tri-State community. Boonville Pioneers students, faculty and staff came together like we've never seen.. possibly bringing in record amounts of canned food donations for the Tri-State Food Bank.. "It was a whole school participant..it was just like them rushing to Walmart all of the time and all of the stores just trying to get all the cans they could for the people that need them." said BHS Senior, ...

    More >>

    Friday morning on Sunrise School Spirit we saw the best of one Tri-State community. Boonville Pioneers students, faculty and staff came together like we've never seen.. possibly bringing in record amounts of canned food donations for the Tri-State Food Bank.. "It was a whole school participant..it was just like them rushing to Walmart all of the time and all of the stores just trying to get all the cans they could for the people that need them." said BHS Senior, ...

    More >>
  • Tropicana's land-based casino now open in Evansville

    Tropicana's land-based casino now open in Evansville

    Friday, October 20 2017 7:51 PM EDT2017-10-20 23:51:48 GMT
    WFIEWFIE

    It's a big day on Friday for the city of Evansville. Tropicana's new land-based casino opens to the public.

    More >>

    It's a big day on Friday for the city of Evansville. Tropicana's new land-based casino opens to the public.

    More >>
Powered by Frankly