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Eurozone youth unemployment reaches record high of 24.4%
The eurozone's youth unemployment rate worsened last month to a new record high of 24.4% as under-25s in Spain, Italy and Portugal struggled to find work. Spain's youth unemployment rate increased to 57.4%, only marginally below Greece's August high of 58%, which remains the highest rate of youth unemployment for any country in the eurozone's history. Italy's youth unemployment rate rose to 41.2%, from 40.5% the previous month. In Portugal, it rose to 36.5% from 36.2%. The startling figures from southern Europe contrast with rates in the north where Germany has a 7.8% youth unemployment rate and the Netherlands an ... (full story)
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