Europe unable to counter increasing youth unemployment

Saturday, June 1st 2013 - 03:04 UTC

Full article 7 comments

Greece, Spain, Portugal and Italy have the highest rates

Unemployment among the under 25s rose in April to 23.5% within the EU and 24.4% across the Euro area. The rates released by EU statistics office Eurostat show an increase on the same month last year, when youth unemployment reached 22.6% across both zones.

Greece had the highest rate (62.5% in February 2013) followed by Spain (56.4%), Portugal (42.5%) and Italy (40.5%). Youth unemployment in the UK was 20.2% in February 2013, down from 21.4% in April 2012. Germany had the lowest rate, 7.5%, followed by Austria 8% and the Netherlands 10.6%.

Likewise the total unemployment rate across the Euro area rose to 12.2% in April 2013, up from 12.1% in March. For nations in the EU, the rate was unchanged at 11%.

Unemployment rates increased significantly across both zones compared with April 2012, when the figure was 11.2% in the Euro area and 10.3% in the EU.

Overall statistics indicate that young people continue to be disproportionately affected by unemployment across Europe.

Greece has the highest rate of unemployment, 27% in February, followed by Spain 26.6% and Portugal with 17.8% people out of work in April.

Categories: Economy, Investments, Politics, International.

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bushpilot
These figures are really bad!!

Does socialist/leftist fantasy thinking have anything to do with this?

If conservative thinking is looked down on as “backward”, and the socialists are the “progressive” thinkers, why should there be these kinds of problems“.

Everybody not working, now that's what I call ”inclusive” economics. No income gap there.

I thought socialism was supposed to provide security. This is not a a socially secure situation.

It's really the banks that have caused all these problems, and George Bush.

Could it have anything to do with politicians borrowing truckloads of cash, and not accomplishing anything real from spending that borrowed cash?
Jun 01st, 2013 - 03:36 am 0
Stevie
bushpilot
There is not one socialist nation in western Europe today.
All got bitten by neo-liberalism and free trade insanity.
Instead of a slow but steady development, they chose, or were forced to choose, to run along towards the wall. Now the market failed them and they are watching the companies outsource the future employments mainly to China and other East Asian nations.
Instead of waiting for Merkel to make a move, I'd rather see Europe integrate with the world once again, on the premises of the latter, for obvious reasons.
The UK is choosing USA and that approach, a solution I don't agree with, but they have also shown that they are flexible when needed, especially if it's hitting their wallets...
Jun 01st, 2013 - 04:33 am 0
bushpilot
“There is not one socialist nation in western Europe today.”

Can you name a country as an example of a socialist nation that is engaged instead in a “slow but steady development”.

Kirchnerism in Argentina seems a bit rocky. Is Brazil trying to be socialist?

I still think France and Germany are very socialist oriented, but tell me the country you think is closest to your idea of socialist.
Jun 01st, 2013 - 11:35 am 0

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