* Jobless rate rises to 25.4 pct, from revised 24.8 pct in
* Unemployment climbs for 39th consecutive month
* 1.27 million Greeks without work, up 38 pct from last year
* Almost three out of five young people are jobless
ATHENS, Nov 8 Greece's jobless rate rose for a
39th consecutive month to a new record of 25.4 percent in
August, more than double the euro zone average, Greece's
statistics service ELSTAT said on Thursday.
A crippling, austerity-fuelled recession continued to take
its toll on the labour market, putting Greek unemployment at
more than double the euro zone average of 11.5 percent.
The jobless rate has more than tripled since the country's
five-year economic slump began in 2008. It now stands at 58
percent for those aged between 15 and 24 years, compared with 20
percent in August 2008.
Greece's economy is estimated to have shrunk by about a
fifth since then. The slump is expected to continue in 2013 when
the government is set to take budget cuts and tax increases
worth 9.4 billion euros as a pre-condition to receive more funds
under its international bailout.
A record 1.27 million Greeks were without work in August, up
38 percent from the same month last year.
Greece's August jobless rate was the European Union's second
highest, behind fellow euro zone sufferer Spain, whose
unemployment rate stood at 25.5 percent, according to Eurostat.
The European Commission forecast this week that the Greek
labour market would bottom out in 2013, with unemployment
slipping to around 22 percent in 2014, the economy's first year
of modest recovery after six consecutive years of recession.