Greek youth unemployment hits 64 per cent

Greek youth unemployment shot to a record 64 per cent in February, underscoring the dire state of the recession-hit economy despite signs of improving business sentiment.

Repeated doses of austerity under international bailouts have almost tripled Greece's jobless rate since its debt crisis began in 2009, weighing on an economy in its sixth year of recession.

Overall unemployment has risen to an all-time high of 27 per cent, data showed on Thursday, while joblessness in the 15-to-24 age group jumped to 64.2 per cent in February from 59.3 per cent in January.

"I've been looking for a job since 2010 and it has been extremely tough," said Angeliki Zerva, 24, a physiotherapy graduate. "Most employers do the job with interns and don't need to hire anyone."

Greek unemployment is more than twice the average rate in the euro zone, which reached 12.1 per cent in March.

Athens has cut the minimum monthly wage for those under 25 years by 32 per cent to about 500 euros to boost hiring, but the jobless rate among young people has kept rising, even as some indicators suggest the worst of Athens' debt crisis is over.