Long-term jobless rate of 71 pct poses new set of social challenges for Greece

Society
Photo by Harry van Versendaal
Photo by Harry van Versendaal

There was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from 7.3 percent in the third quarter of 2008 to the recent record high of 27.8 percent in the first quarter of 2014. There is less of a fuss these days, though.

As we have become accustomed to this record level of unemployment, there is also a tendency to overlook some of the data that lies behind the headline rate. One of the most significant numbers can be found when looking at the rate of long-term unemploye...

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