And unemployment is growing faster than anywhere else in Europe.
That means that unemployment may actually grow under the new program, at least in the short run.
Now, with these people unemployed, the money has stopped flowing in and unemployment is growing.
For the first time, unemployment grew among graduates while the economy was growing.
But as unemployment grew there, the rolls fell 5 percent more.
A million people are expected to enter the job market every year, and unemployment could grow to crisis levels.
If private business cannot thrive with such low wage costs then unemployment can only grow.
After years of exceptional economic growth, both unemployment and the government's deficit have grown this year.
And cutting government spending in a sizable way will be nearly impossible since unemployment is already growing.
A month ago, unemployment grew from 7.5 to 7.8 percent.