Young Workers in Recessionary Times

Abstract

Four years after the beginning of the crisis, unemployment, especially among young people, is still very high in European countries. In December 2011, 5,493 million young people were unemployed in the EU27—241,000 more than in 2010—corresponding to an unemployment rate of 22.1%. The lowest rates were observed in Germany (7.8%), Austria (8.2%), and the Netherlands (8.6%); the highest were in Spain (48.7%), Greece (47.2% in October 2011), and Slovakia (35.6%) (Eurostat 2012).