Chart of the Day: Unemployment in Europe Is Catastrophically High and Still Getting Worse

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This is from the OECD’s Employment Outlook 2013, and it shows the level of unemployment in the world’s rich countries. Joblessness in Greece and Spain is at about 27 percent, higher than the United States suffered even during the depths of the Great Depression. Portugal, Ireland, Slovakia, and Italy are at somewhat less catastrophic levels, but still in dire shape.

But here’s the worst part. See those white diamonds above each of the blue bars? That’s the OECD forecast for the end of 2014. In nearly every case, it’s equal to or higher than the current unemployment rate. Think about that: It’s been five years since the financial crisis hit, and in lots of countries unemployment is still sky-high and getting higher. It’s a ruinous and heartbreaking waste of human capital. The Economist has more here.

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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