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Unemployment hits 2.6m. Over 1m 16-24 year olds out of work

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  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 6 January 2012 at 6:09PM
    Although the youth unemployment rate is indeed a sad situation it's still around the European average.

    The rate in the EU-27 was 20.9% in 2010. In the Euro area the rate was marginally lower at 20.7 % and in the UK it was 19.6%.

    In Q2 2011 the UK figure was 20.4% against the EU-27 rate of 21% and Euro area rate of 20.5%.

    Therefore with the UK rate at 21.9% for Q3 2011 I would imagine it is still around the average rate for Europe, possibly very slightly higher.

    Latest figures out today from Eurostat show that in November, 2011 49.6% of young people (under 25) were unemployed in Spain, which is the highest such rate in the EU-27

    Now that is shocking! :eek:

    The lowest percentage of unemployed young people was in Germany (8.1%), followed by Austria (8.3%) & the Netherlands (8.6%).
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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