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