At 27.4%, Greece's unemployment problem is the worst in the world according to Bloomberg's data, followed closely by Spain and South Africa

If You're Greek, Move To Thailand

Submitted by Tyler Durden on 07/16/2013 20:34 -0400

• Unemployment

At 27.4%, Greece's unemployment problem is the worst in the world according to Bloomberg's data, followed closely by Spain and South Africa (though of course youth unemployment is massivley worse). The US is a middle-of-the-road 34th worst if we use the standard BLS-inspired unemployment rate, though jumps to 6th (worse than Cyprus) were we to use the more appropriate U-6 under-employment rate. The good news is, there is hope... At less than 1% unemployment, Thailand offers a warm climate, pretty scenery, and a market for jobs that seems to know no bounds (though we suspect the 'quality' of those jobs will be less - but as we know in the US, that doesn't matter).

Chart: Bloomberg

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