Top Nations Ravaged By Unemployment

#8. Dominican Republic

Jobless Rate: 14.7 Percent

The second largest economy in the Caribbean, Dominican Republic, is the next country in-focus. Even though the country is on a positive growth curve, unemployment, government corruption, and inconsistent electric service remains a major issue in this archipelago.

#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 into the wounds of this already battered nation is that various rating agencies who downgraded the country’s investment status to junk.

#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.

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