The US unemployment “crisis” doesn’t look half bad when compared to what’s happening in southern Europe.
The following interactive chart comes from the OECD’s 2012 Economic Outlook, which warns: “The euro area crisis remains a serious threat to the world economy, despite recent measures that have dampened near-term pressures.”
If recovery continues to stagnate, the Outlook projects that unemployment throughout the Euro zone will continue to rise.
Check it out:
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