Greek Unemployment Hits 21.8 Percent
The Associated Press
Porters sit on their trolleys during a blockade by bus drivers at the Athens' main intercity bus depot, west of the city, Thursday, April 12, 2012. Drivers, protesting wage cuts and lay-offs, are at odds with bus owners who kept most services running ahead of Orthodox Easter on Sunday.
The Greek Statistical Authority said Thursday that 1,084,668 people were out of work in the first month of 2012 — with 344,913 people losing their jobs since January 2011 — nearly 1,000 per day.
Greece is suffering a fifth year of recession, largely due to harsh austerity measures demanded in return for international bailout loans required to avoid default.
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