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Thursday, August 8, 2013

Greece's Unemployment Nightmare Continues To Get Worse

Greece's jobless rate climbed to 27.6% in May, a new record high.

Amid unpopular austerity measures like wage cuts and tax hikes, Greece's figure is more than double the 12.1% average June rate in the eurozone, Reuters reports.

Greece's youth population continues to struggle the most, with the jobless rate at 64.9% for those aged 15-24. For the 25-34 crowd, the rate was 37.7%.

This chart via Reuters' Pedro da Costa shows just how bad the situation has gotten.

greece unemployment rate

SEE ALSO: Every Country In Europe Should Be Glad It's Not Greece

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READ THE ORIGINAL POST AT www.businessinsider.com