Watch LIVE

These Charts Illustrate Just How Bad Things Are in Greece


Youth unemployment at 56.4 percent?

Presented with limited commentary. The charts speak for themselves.

Total workers employed in Greece:

Total workers unemployed in Greece:

And the Greek unemployment rate:

From Zero Hedge:

It took one month for the 2013-2014 Greek medium-term unemployment target rate to be hit. The target rate? A grotesque, all time high 26%. Because as Elstat reports, this is what Greek unemployment already was in the month of September. Which means that at the time Greece was preparing its latest "Third Greek Bailout" projections in November, the rate was already well above the long-term target.

Elstat also tells us that in September, the total number of actively employed Greek workers (including government) was a tiny 3,695,053. The number of persons unemployed: 1,295,203, while the inactive ranks swelled to 3,373,692. As a reminder, last month's 25.4% unemployment rate has been promptly surpassed in a few weeks. Finally, that powderkeg of conflict, youth unemployment, was a jawdropping 56.4%.

Follow Becket Adams (@BecketAdams) on Twitter

All graphs courtesy Elstat.

Most recent
All Articles