Spain Struggles as EU Youth Unemployment Falls

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Eurozone youth unemployment has released figures showing a drop over the past month as more young Europeans across a vast amount of the 28 nations continue to find work.

 

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Figures released by the European Union’s official data service reveal

5.129 billion young people under the age of 25 were out of work in June 2014, this is a 506,000 drop from 12 months ago.

 


The EU youth unemployment rate stood at 22% for June with a number of countries facing a mass of jobless youngsters.

 


Figures reveal the highest volumes of unemployed youngsters at 56.3% are from Greece, whilst Spain follows very closely falling just below 56.3%. Italy falls in third place with 43.7% of youngsters being unemployed.

 

Germany has the lowest rate of youth unemployed at 7.8%, while Austria came in second at 9% and third is the Netherlands with 10.5% of youth unemployment.

 

Meanwhile figures released by the UK’s Office of National Statistics revealed that unemployment in the UK’s youth aged between 16 – 24-year-olds is at 17.8%. The UK has also dropped in the past year to 817,000 currently.

 




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