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The latest horrifying data on European unemployment

May 9, 2013
Obsession
Euro Crunch
May 9, 2013

The two European countries worst hit by the region’s economic crisis—Greece and Portugal—both reported their latest unemployment data today.

Warning: It’s just awful.

Greek unemployment rose from 26.7% to 27.0% in February. Portuguese unemployment shot up to 17.7% from 16.9% in the first quarter.

unemployment rate greece portugal

It’s even worse for the young people. 64.2% of young Greeks between the age of 15 and 24 are unemployed. In Portugal, 42.1% of young people were out of work.

greece portugal youth unemployment rate

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