scorecard
  1. Home
  2. stock market
  3. Greece's Unemployment Nightmare Continues To Get Worse

Greece's Unemployment Nightmare Continues To Get Worse

Steven Perlberg   

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.

READ MORE ARTICLES ON



Popular Right Now



Advertisement