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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at