If You're Greek, Move To Thailand

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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