Hands down, the title for the world's ugliest unemployment chart has to go to Greece, which just announced June unemployment of 24.4%.
Hellenic Statistical Authority announces the seasonally adjusted unemployment rate for June 2012.
In the context of the program undertaken by ELSTAT for the improvement of dissemination and presentation of statistics, and in order to harmonize the presentation of monthly unemployment rate estimates with the presentation of monthly estimates provided by Eurostat, ELSTAT, since January 2012, announces the monthly results of the LFS seasonally adjusted, for persons 15 – 74 years old. Unadjusted data are still available on ELSTAT’s website.
Unemployment rate in June 2012 was 24.4% compared to 17.2% in June 2011 and 23.5% in May 2012. The number of employed amounted to 3,766,415 persons. Τhe number of unemployed amounted to 1,216,410 while the number of inactive to 3,372,097. The corresponding figures for June 2007 to 2012 are presented in Table 1.
The number of employed decreased by 358,340 persons compared with June 2011 (a 8.7% rate of decrease) and by 34,337 persons compared with May 2012 (a 0.9% rate of decrease).