([London] Times) Jobless record shows European dream has forsaken the young

Posted by Kendall Harmon

It wasn’t supposed to be like this. After six decades of peace, Europe should be basking in a golden age of prosperity. Instead its young are being ravaged by unemployment, with a record 5.6 million under-25s out of work.

Just over a million of the young unemployed are in Britain, the worst level in the country since figures began to be collected by Eurostat, the EU statistics agency, in 1983.

Bleak as Britain’s young jobless rate of 22.3 per cent is, the picture is far worse in eurozone countries enforcing deep austerity measures. As Spain’s jobless count broke the 5 million barrier yesterday, unemployment for those aged 16 to 24 was put at 51.4 per cent, meaning that for the first time in a modern European country a majority of the young are out of work.

In Greece the young jobless figure is 46.6 per cent, and in Portugal 30.7 per cent, according to Eurostat.

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Filed under: * Culture-WatchYoung Adults* Economics, PoliticsEconomyCorporations/Corporate LifeLabor/Labor Unions/Labor MarketThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryEngland / UKEurope--European Sovereign Debt Crisis of 2010

Posted January 28, 2012 at 5:00 pm [Printer Friendly] [Print w/ comments]
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