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Spain has highest youth unemployment rate in EU
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11:45, July 24, 2009

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Spain currently has the highest rate of youth unemployment in the European Union (EU), said the EU's statistics agency Eurostat on Thursday.

A study published by Eurostat shows that 33.6 percent of Spaniards under the age of 24 are now out of work. This is the highest rate in the EU at two thirds of the total number in the euro zone.

The European average rate of youth unemployment stands at 18.3 percent, nearly half that of Spain.

The past 12 months have been very difficult for Spanish jobseekers under 24, as some 288,000 of their compatriots lost their jobs.

The study also shows that due to a lack of work experience, young people are among the hardest hit by the current economic crisis. The overall rate of youth unemployment has soared 3.7 percent in the EU compared with 1.5 percent for the entire workforce.

Source:Xinhua



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