Almost One Quarter Of European Youths Are Unemployed

Tyler Durden's picture

Europe's scariest chart continues to stun and amaze by its scale even as Europe's broad unemployment rate has been stagnant at around 12% for 5 months. While Greece and Spain have seen youth unemployment rates drop slightly from record highs (and its clear the disillusionment has meant people leaving the potential workforce) they remain well above 50%. Italy hovers near its all-time record high around 43% (with overall Italian and French joblessness at record highs) and broad European youth unemployment is stuck at over 23% (as Germany's drops to new record lows). As we noted yesterday, if this is the age of civil unrest then the blue-touch-paper to light is writ large in this chart...

Broad European unemployment has been stuck around 12% for 5 months... with Greece and Spain at the top


But it is the youth unemployment rates (15-24) that is truly depressing...


Source: Eurostat

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Its_the_economy_stupid's picture

war will put them work/

beegle's picture

Now they wont ... unless Spain decides to declare war to Portugal ... I dont see them getting involved in any wars other than perhaps among themselves , and those wars dont pay very well 

icanhasbailout's picture

bubble, bubble,

toil and trouble

eye of newt

tongue of frog

25% youth unemployment

stir it up good

Boris Alatovkrap's picture

Solution is beat citizenry until moral is improves.

Pool Shark's picture



What's a 'Yout'?


Rainman's picture

a type of fairy in Finnish folklore

MillionDollarBonus_'s picture

The European youth want jobs and they want free education. They're sick and tired of hearing about 'Austerity' and cuts to governmnet spending. Everybody knows that there is plenty of money to go around. How about we spend it on the people for a change? It's time for governments to scrap college fees and create jobs so that the people can get what they deserve. 

Haus-Targaryen's picture

Everybody knows that there is plenty of money to go around



Herd Redirection Committee's picture

Economically, one of society's biggest current problems is that those who have too much wealth already are making the most money from the system (JP Morgan, GS, HSBC, Lloyds, Barclays...)

That results in MONEY NOT BEING SPENT.

Think about it. 

A man earning $250k gets a pay raise of 10k.


A man earning $0 gets a job, earning him 10k. 

Which has the greater impact on the economy?

mjcOH1's picture

"Almost One Quarter Of European Youths Are Unemployed"

Is 25% unemployment really that awful? If half of their youth are unemployable, maybe we should be asking what they're doing right.

IridiumRebel's picture

Welcome to Keynes University, London! 

Boris Alatovkrap's picture

In Stalingrad, Soviet troop is must run forward to obtain weapon from fallen comrade. Comrade is fallen because Kruschev (Stalingrad party chief at time) is shoot in back of forward defensive line. Is work, no?

Wahooo's picture

Sounds a lot like the American job market.

Sudden Debt's picture

can't have that...

let's give them brown shirts and learn them to march and sing songs!

TBT or not TBT's picture

A lot of them have brown skin, thanks to a combination of factors that make kids of Muslim immigrants less employable.

XitSam's picture

War never pays well for those that do the fighting.

Canadian Dirtlump's picture

War will more thank likely kill a few too - for better or worse the days of regular warfare in Europe are in the rearview mirror. Either way, welcome to the new normal. Grandma and Grandpa take low paying jobs while disaffected youth who are either entitled and waiting for a 100k a year job out of university or just lazy and barely able to write their own name live off of everyone else.


Don't think for 1 minute as well that a failed immigration policy doesn't play a role.

Zerozen's picture

Or maybe that's lack of any kind of real immigration policy...

zaphod's picture

There is a policy, it is called open door.

The thing the left does not understand is no large scale welfare program can survive for long if you run a open door policy. All the open door policy does is bankrupt the welfare program earlier.

NEOSERF's picture

Make no mistake about this:  The Central bank printing exercise is a last ditch effort to pacify the great unwashed before they come for the 1% with pitchforks.  Read carefully and you will realize that the Fed, BOJ etc, know that this effort will is a time-buying effort.  Expect more floating cities, super-yachts and the latest in drone and machine gun manned mansions on hilltops to be big the rest of this decade.  Super rich might go down like Escobar but they won't go without a fight.

kliguy38's picture

that means some battalions need to be filled soon

Boris Alatovkrap's picture

"Shovel Ready" job is meaning dig fox hole? ... or shallow grave on battle field?

Sudden Debt's picture

I don't think these young kids have ever seen a shovel in their lives :)

Got a app for that?

Doubleguns's picture

Ipad's make great shovels and there is plenty to go around. 

Canadian Dirtlump's picture

In local colloquial parlance a shovel is referred to as a D1 based off of Caterpillar's nomenclature for bulldozers. The higher the number ( d5, d5, d7 ) the bigger the machine. So the vaunted D1 is the shovel you give to the idiot on the work site who is otherwise wasting air.


see reference for a d5. I notice it is LGP, that is low ground pressure aka widepad - it has wider tracks for wetter / softer land.


Its_the_economy_stupid's picture

just wait till chi-com youth have no jobs....and no women!

Canadian Dirtlump's picture

In modern times that is known as sexial jihad. That is, it is known as that for the noble al quaeda terrorists our tax dollars help support abroad fighting all these noble, irregular undeclared wars.

Boris Alatovkrap's picture

You are not see sidebar advertisement on ZH...? There is many beautiful Asian woman... but, come to think, maybe some asian "girl" is not so much "girl". Recommend is always check under hood before drive away new automobile.

dtwn's picture

Well, not just youth but fighting age males.  I've mentioned this before, but by 2020, there will be an 'excess' of fighting-age Chinese males of 30 million.  No job, no pussy, no hope no future = expendable bodies for war. . . . . 

Kreditanstalt's picture

One quarter?  Is that all?  Hardly a crisis until 1/4 are EMPLOYED.

101 years and counting's picture

how to turn an entire generation into slvaes - brought to you by the ECB and German bankers.

Squid Viscous's picture

but the PMI's were all bullish, can't they find their way to the factories? Sum Ting Wong...

inky's picture

Yup this financial recovery is in full swing.

Stuck on Zero's picture

This explains why online gaming and social media is growing in popularity.


sodbuster's picture

What is youth unemployment in the US?

Spungo's picture

This means there's plenty of room for the economy to grow. Bullish!

Skateboarder's picture

We call 'em 'unpaid interns' in these parts.

TBT or not TBT's picture

When used in French media "jeunes" is a euphemism for carbeques and various violent or criminal street festivity instigators WHEN these are carried out by 2nd and 3rd generation immigrants from Muslim countries.

DeliciousSteak's picture

Meh. Probably kids in government schools collecting government money while fabricating applications to also collect unemployment. Hell, I don't even know how this data is gathered so I have no idea what constitutes as unemployed.

Sudden Debt's picture

Summer is comming up. They'll know what to do...

Haus-Targaryen's picture

So I have this theory. 

Instead of Vlad needing to invade the Ukraine, why not;

1) Dump Billions into anti-EU movements in Greece, Spain and Cyprus
2) Drink Cocktail as government in Greece gets thrown out and replaced with Sexi Lexi or the Golden Dawn
3) EU and US goes bankrupt
4) Take back Ukraine







5) Profit!?

Kirk2NCC1701's picture

In purely economic terms... if women were at home, then...

> Unemployment would drop overnight.

> Men would once again fucking DEMAND living wages, rather demand that their women worked. 

IOW, "be men" and take on your bosses, rather than your women!

But, ever since WW2, when women were FORCED into factories, etc, we've had this problem.

Herd Redirection Committee's picture

But it also gave the State the chance to raise everyone's kids, and here we are 60 years later, and we see the results...

Kreditanstalt's picture

Most U-25s are hiding from the labour force in school anyway...