Countries with the Highest Unemployment Rate

#16. Bulgaria

Jobless Rate: 11.6 Percent

Home to large and small private sectors, Bulgarian economy largely functions on the principles of the free market. And like most of the other nations on the European continent, recession has nearly crippled the economy and adversely affected the job market in the country.

Consumer spending and foreign investment has condensed drastically and growth has come to a standstill since the crisis.

#17. Finland

Jobless Rate: 10.8 Percent

Post the recession, Finland is being viewed as a country that is struggling to stay afloat and withstand the pressure that is exerted by financial meltdown on its economy. And the inefficiency of the government to review the fortunes of the country, coupled with declining demand for Finnish products worldwide, has drastically reduced the job market in the nation. 

Read More:

India Inc To Slash Festive Budgets, Give Out Lower Bonuses: Assocham Survey

IIM-C Ranked As One of the Top 20 Management Institutes in the World