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The Associated Press May 10, 2012, 05:14AM ET

Greek unemployment up at 21.7 percent in February

Greece's unemployment rate rose to 21.7 percent in February, after 336,500 people lost their jobs in the past year in the crisis-hit country.

The Greek Statistical Authority said Thursday that nearly 1.171 million people were out of work during the month.

The jobless rate a year ago was 15.2 percent.

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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