Eurozone Youth Unemployment Reaches 24.4 Percent in April

Eurozone unemployment has hit a fresh high with young people the hardest hit as now almost one in four under-25s are out of work in the crisis-stricken currency bloc.

Eurozone unemployment rose to 12.2% for April, an all-time high, according to Eurostat, the statistics office of the EU.

At 24.4%, youth unemployment was double the wider jobless rate and up from 24.3% in March. The problem was most extreme in Greece where almost two out of every three under-25s are unemployed. The rate was 62.5% in February, the most recently available data.

The numbers come just days after eurozone leaders announced plans to get more young people into work as they face warnings about the risks of civil unrest and long-term costs to their economies.

Economists forecast that joblessness will get worse before it gets better in the eurozone.

via The Guardian

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