Countries with the Highest Unemployment Rate

#5. Croatia

Jobless Rate: 19.6 Percent

Slotted at fifth position is the country that joined the European Union on 1st July 2013, Croatia. Though, the economy of this country is struggling to overcome the aftereffects of the global financial crisis, the natives of the nation still seems to enjoy a higher per capita income and higher monthly wage compared to some of the membering states of the European Union.

#6. Portugal

Jobless Rate: 17.7 Percent

Economic slowdown continues to haunt the people of Portugal and the job market in the country is shrinking with every passing day.

In addition of joblessness, the crisis has also given rise to a wide variety of domestic problems and has pushed the inhabitants into financial misery.

#7. Cyprus

Jobless Rate: 15.6 Percent

This is another nation in the Eurozone that was severely affected by the recent economic slump. Rubbing salt on the wounds of this already battered nation was that various rating agencies have downgraded the country’s investment status to junk.

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