Business
Insider’s Chart of the Day for May 2nd highlighted a graph from
Scott Barber and Thomson Reuters depicting youth unemployment rates in
Europe. Greece and Spain both
possessed the highest rate, with more than one in two youth being
unemployed. These two nations are
followed by Portugal Italy, and Ireland, with youth unemployment rates of 36.1%,
35.9%, and 30.3% respectively.
Germany, on the other hand, has weathered the economic recession quite
well, and its youth unemployment rate has actually decreased since the
recession began. In comparison to
the United States’ 16.4% rate, Germany, Malta, Austria, and the Netherlands are
the only nations in the EU27 with a lower youth unemployment rate. Overall, the Euro area possesses a 22.1% youth unemployment
rate.
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