Top Nations Ravaged By Unemployment

By siliconindia  |   Thursday, 06 February 2014, 01:29 IST
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#10. Ireland



Jobless Rate: 13.7 Percent



The economy that was once regarded as the Celtic Tiger for its fast paced growth is presently in a slump. It currently houses a shrinking industry and jobless rate in the country is at a 20-year high. The country’s effort to revamp its fortunes post recession has taken a severe beating thanks to issues such as the banking crisis and a disintegrating property market. 



#9. Slovakia



Jobless Rate: 14.3 Percent



Though the current jobless rate may seem to be on the higher side compared to other economies in the world, if one takes a closer look at the historical figures of unemployment rate in the country, it is clear that the figures are on a downward slide.



Unemployment rates were at an all time high during the beginning of this century when the figures had peaked to about 19.2 percent.



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