This Is Economic Death: Greek Unemployment Rises By 1% In One Month

Tyler Durden's picture

The chart below needs no commentary, neither does what it represents. In May Greek unemployment, pre revision, was 23.1%. It was subsequently revised higher to 23.5%, but this is merely to make the jump to the June number more palatable. What was June? 24.4%. In other words, no matter how one looks at it, the unemployment rate rose by 1% in one month.

In other words, Greece may or may not be kicked out out Europe. At this rate, in 75 months there won't be a Greece left.