Greeks protest job cuts, unemployment hits new high- townhall.com

http://townhall.com/news/us/2013/07/11/greeks-protest-job-cuts-unemployment-hits-new-high-n1638564

Unemployment doesn't only occur in the U. S. I picked this article as my non-US source. It is all about the unemployment rate in Greece increasing drastically for them. And now job cuts are being discussed which the Greeks are not happy about due to the already increasing unemployment rate, the highest it has been since 2006.

"Fuelled by three years of austerity Athens has imposed in return for bailout funds from its foreign lenders, unemployment inched up to 26.9 percent in April, the statistics service ELSTAT said - the highest since it began publishing jobless data in 2006.The jobless rate, up from 26.8 percent in March, is more than twice the average in the euro zone, which stood at 12.2 percent in May. Young Greeks aged 15-24 are the hardest hit, even though the rate for that age group eased to 57.5 percent in April from 58.3 percent in March. About 700 to 1,000 Greeks are being laid off daily, ELSTAT estimates."

The above paragraph is directly from the article. The last fact is just shocking to me because, we, the U.S. is so much bigger than Greece and yet 700 to 1,000 people daily, daily are being laid off. If that is how many people in Greece daily, it makes you wonder how many U.S. citizens lose their jobs daily. I read that up to 20,000 Americans lose their job everyday. Compared to both countries populations you may think this is not so bad, but it is. This effects the economy a lot. There is not as many resource, goods and services, and money payment exchanges being made. Unemployment is not a happy topic especially when people are losing jobs when they aren't even doing anything wrong. Greece is going through a hard time right now because of the already increasing unemployment rate and now the talk of job cuts. I am not quite sure how the Greece government works but I hope they can come up with a solution to help lower their unemployment rates and since they are a smaller country I hope when they find a solution it won't take to long to help the economy get better. Unemployment is a big issue everyone and most people don't want to be without a job, people like money. I also hope the U.S. Congress starts working together, so the economy can start to improve.