Zero Hedge, a US financial blog, included what it referred to as “Europe’s Scariest Chart” in a post Tuesday. Rather than European debt or bond prices, as one may expect, the chart shows the unemployment rate of those 16-24 year-olds in Spain, Greece, Portugal and the entire Euro Zone. As the chart shows, the youth unemployment rates increased sharply for Spain and Greece in 2008 and have continued to climb rapidly while that of Portugal and the Euro-Zone as a whole remained comparatively stable. Currently, youth unemployment is highest in Spain and Greece at 51.4% and 46.6% respectively. That of Portugal and the Euro-Zone is quite a bit lower at 30.7% and around 20% respectively. This chart is the “scariest” because, according to Zero Hedge, “the last thing Europe needs is a discontented, disenfranchised, and devoid of hope youth roving the streets with nothing to do.”
About TeachingwithData.org
TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
Translate
Search This Blog
Popular Posts
-
A recent post on the Economist’s Graphic Detail blog includes a global map of cigarette smokers in 2010, as reported by the American Cance...
-
A study recently featured in the Journal of Comparative Economics examines income inequality in urban China. Capital income increased d...
-
According to the Washington Post, since 2009, the unemployment rate in the United States has dropped by 50% . The traditional...
-
The month of March signaled the beginning of National Women’s History Month, as well as the annual Oscar Awards ceremony, which was held on...
-
The Pew Research Center recently surveyed 1,503 adults about what policy area the government should focus on in the coming year. Economic...

No comments :
Post a Comment