mishtalk.com / Mike “Mish” Shedlock / July 18, 2017
The Unemployment Rate in Greece is down to 21.7% in April from a record 27.9% in July of 2013 and a record low of 7.3% in May of 2008.
Despite the falling rate, the percentage of those unemployed seeking jobs abroad has risen from 11% in 2015 to 33% this year.
The message seems to be “get me the hell out of here”.
The Greek Reporter notes Brain Drain Gathers Pace as One in Three Greeks Looks for a Job Abroad.
According to the annual survey by the firm Adecco titled “Employability in Greece,” the brain drain phenomenon has been increasing over the last three years.
In 2015 only about 11% of unemployed respondents said that they were actively looking for a job abroad. This figure increased to 28% in 2016 and reached 33% this year.
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