Youth unemployment in Greece and Spain above 50 percent

Europe’s Record Youth Unemployment: The Scariest Graph in the World Just Got Scarier – Derek Thompson – The Atlantic:

My God, look at Greece’s trajectory. That thing isn’t slowing down. Since April 2012, Greek youth unemployment has grown by about one percentage point a month. At that rate, it would pass 70 percent in early 2014.

It is suddenly not insane to imagine a youth unemployment rate of 70 percent in the developed world. And that is insane.

Mind-boggling. I’d be rioting too.

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