Spain Struggles as EU Youth Unemployment Falls

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.

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.