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Old 02-16-2012, 06:09   #1
Richard
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Join Date: Aug 2004
Location: NorCal
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Euro (€) Zone Problems And Youth Unemployment

Here's a problem that you don't see discussed as much when reading about the Euro issues - the comparative subset of the unemployment rates of 16-24 year olds which are statistically labeled NEET (Not in Education, Employment, or Training).

The UK has one of the lower rates at 22.5 percent, but the US isn't that far behind at 18 percent.

And so it goes...

Richard

For London Youth, Down and Out Is Way of Life
NYT, 15 Feb 2012

Perhaps the most debilitating consequence of the euro zone’s economic downturn and its debt-driven austerity crusade has been the soaring rate of youth unemployment. Spain’s jobless rate for people ages 16 to 24 is approaching 50 percent. Greece’s is 48 percent, and Portugal’s and Italy’s, 30 percent. Here in Britain, the rate is 22.3 percent, the highest since such data began being collected in 1992. (The comparable rate for Americans is 18 percent.)

http://www.nytimes.com/2012/02/16/bu...y-of-life.html
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