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Europe's Scariest Chart... Got Scarier
While the general level of unemployment in Europe is rising in a scary enough way (more detail here), the one really concerning data point has gone from bad to worse. When we last looked at youth unemployment in Europe, things were stabilizing a little, though at extremely lofty levels. With the release of July's data, the situation has deteriorated rapidly; Euro-Zone youth unemployment hs now ticked back up to its euro-era record-high of 22.6% (18-year highs). Only Portugal saw an improvement is the rate of unemployment among the Under-25 age group (from 37.6% to 36.4%) though it remains anarchically high. Italy was the hardest hit, back above 35% with its largest rise in youth joblessness in 5 months, Ireland rose back above 30% for its biggest rise in 11 months as France jumped to two-year highs and Spain and Greece are practically deadlocked with ~53% of their younger-generation out of work - new all-time records. Why do we worry? Why is this so scary? Two reasons - this and this.
Data: Bloomberg
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anyone who studied european history knows why this is the
Scariest Chart possible!...as a german i well know!
Yep....the eurosheeple will someday find out who has benefited from the complete fleecing of the rest of europe.
Why scary? It means lots of cheap & young hookers!
and many young boy with brown shirt and jack boot to recruit!
and that is the most scary part,
hopefully we don't have any warmonger republican in Europe...
we could all move to America to find a job right?.... right?....
on the other side, try finding people to hire these days here in Belgium. it's a pain in the but. every applicant gets hired, good or no good, we'll see how he or she turns out.
and the wages that these young people expect!
Fresh out of school and they're already talking of 5000 euros to start, company car, iphone, ipad, laptop, group insurrance, retirement plan and of course a expe se account!
and after 4 weeks, poof they're gone.
we pay young starting people 2500 euro to start without benefits. I think thats really good! and when you offer them that you should see their faces....
and at every opportunity they get they complain about their salary. Even the once who dropped out of school without and diplomas or whatsoever,but they all expect to be paid top euro's.
I even once said to this young kid how much I made after working for over 11 years, and I make a good living, I'm a senior manager.... and than he said with a straight face: when I'm THAT old, I wouldn't work for at least double of that amount...l I'M IN THE TOP 3 of the company on the wage scale! And he found way to low!
Young kids.... they see television and think everybody has a mansion, swimming pool and goes on vacation 4 times a year and of course they think they don't need to work'..
A year ago I had a applicant, fresh out of school, and he only wanted to start at a management possition for no less than 7500 euro! FRESH OUT OF SCHOOL!!!
yeah... mom and dad told him that was the bottom to start....
Hi, can you tell me the name or website of your company?.
I need urgently a job. I'm from Spain, 29, with Computer technician and Development of mechanical projects (autocad, catia) studies. Willing to move worldwide. I recently worked for the Spanish goverment in Egypt.
same as every other recent period, Rothschild family of banker and money changer... this time is so different?
I am European, and these "unemployed youths" are weed smoking gangsterrapper wannabes. Anyone with an education will find work very easily.
...Precisely the demographic most likely to riot ala U.K. last year. Of which I had the pleasure of witnessing firsthand.
Give me iPad or... I will take it.
because we are socialist pussies allowing for these kind of attitudes and behaviour.
These fuckers should be clubbed down or shot with rubber bullets, instead we send them 98 trucks full of iPads and cash.
Sadly the same kind of people have found their way to ZH to hate the people who feed them, because they are the '99%' who are DENIED free cocaine and prostitutes with a penthouse apartment by the greedy hard working people on this planet.
Fuck those working assholes! why should they have it better off than the lazy fine young men staying awake all night watching MTV and smoking weed?
IT IS UNFAIR I SAY, UNFAIR!
.
So what's holding you back? Grab your club and reveal to the world that your secret identity is, in fact, Testacles, modern day hero.
http://online.wsj.com/article/SB1000087239639044477280457762357069726678...
Spain's bank bailout fund, known as FROB, said in a separate statement that it will inject capital into the bank immediately, as an advance of the €19 billion in aid that Bankia will receive from the EU,
austerity and beatings of young to make them work as slaves to state debt will pay for FROB.
even manufacturing suicidal slaves in China are about to get canned as manufacturing index hits low.
http://online.wsj.com/article/SB1000087239639044361860457762419209905801...
bankers fucked it up real bad but nobody can touch them....that's the really scary part.
I don't work and I would not riot either. But I am pretty sure that in general the wealth of socialist states is artificial and you do not receive payment that has a value outside the confines of the state. So in a way you too are being shipped Ipads indirectly from the pay deducted from the Chinese workers that made them. It is unfair but at least if the banksters are locked up and done away with the rule of law may be established. That would be a start to end the unfairness.
Anyhow the elite of which I may be one ain't all that organized.
Max Keiser had an interesting guest that is a complex systems expert (so he says.) Anyhow, the guy said the 40% of income cost of food is being breached in many countries at this time and we are pretty close to breaking out into chaos in a lot of locations around the globe.
And, just because I don't and won't work does not mean that I don't do more than those that do work. I must both exercise which for me is jogging 35 miles a week and read, write and learn. Otherwise I am not content. This what I do is not the same as wasting my life away to make a buck. That is just as bad to me as watching MTV and smoking weed or drinking alcohol.
Stay the course.
Um, come again?
Working is as bad as intoxication and indolence in front of the TV?
Would you care to explain the moral foundation of that sophisticated philosophy?
Yeah, working is far worse than chilling with a cool buzz in front of the tube.
I see... you're a fascist idiot, repeating generalisms you found in your local Sturm und Drang subscription.
Do you REALLY think those kids don't want to work and get out of the house, make some money? pff
90% of all kids are lazy as hell. stupid as a rock and arrogant like kings.
73.6% of all statistics are made up... :>D
Time for big pharma to roll out new miracle drugs...or repackage old ones, like Thalidomide or Thanatoxin. T
he sheeple never question "scientists" or people with white robes....or bankers.
http://www.foxnews.com/health/2012/08/31/german-drug-firm-makes-first-ap...
Perfect timing. Apologize 50 years later to those mothers (how many are still alive??). Maybe in 100 years they will finally start handing out compensation checks to the surviving ones. "Well, we are willing to pay, but no one has shown up to collect."
Ironically, Thalidomide has found a new use in the field of cancer treatment.
http://www.dailymail.co.uk/health/article-17842/Thalidomide-used-treat-c...
It is also highly effective against leprosy.
They were educated. It just wasn't the education you are thinking of. Productive people and the few liberty minded on the conservative right have a hard time understanding this.
I am sorry if a degree in goat herding or gangsterrap is not as useful as previously expected.
Actually, goat herding will become very useful....when they round you up and send you to the re-education camps.
They probably won't allow any goat herding in them re-education camps, so I refuse go along with any "ROUNDING UP" plans. You'll have to chase this little sheep further than you could ever run.
uneducated = if I pray hard enough I will go to heaven and get rich
educated = paris hilton makes how much on her shitty album deal?
when communist took over, they got rid of rich and intellectuals.
it is scary how little do you need to know to be cast as "educated" by the retards living off of welfare and government jobs.....especially the PIGS crowd.
Paris Hilton was never cast as "educated" by anyone except the MSM. She's a living example of the liberal media hype, don't blame the little pigs who are being force fed this garbage.
LMAO you're blaming liberal media for Paris Hilton hype. You should reread Sarah Palin's book.
Goat herding is a real Graduate course in Europe... there a graduate program for about everything over here...
they are lowlife leeches
Well, my knowledge might be limited to Italy, but there it's easier to find a job if you drop out of school at 12 than if you graduate from a top b-school...this is exactly what's scary. Top students are leaving, "weed smoking gangasterrapper wannabees" are staying.
Plumbers, mechanics and carpenters will always be in demand.
Quick, somebody give another speech!
With more frightfest to come...
this one is not funny at all: too high youth unemployment means: radicalisation, espcially if it`s young men. hitler would habe never succeeded if not a similar development would have taken place in the 1930ties
the "SPIEGEL" had a versy good article about "the mostz dangouros part of society. = young man without work and a perspective for live. that`s why muslim radicals can suceed and why hitler had sucess
is there anything else you know besides your fucking-never-ending-yapping-on-about-hitler?
we understand you have been trough the denazification program but niggah please!
http://en.wikipedia.org/wiki/Denazification
yxou must be fucking idiot! it`s not about hitler here, but still it`s a good example how dangerous high youth unemployment can be.
He's just a troll. a refreshing change from MDB.
I am not a troll, but people need to realize that they have responsibilities in life as well as rights.
Where do all these fucking "free lunch, oh shit my wellfare cash is late" shitbags come from? Is it because that fucktard Alex Jones links here to ZH?
The facts & figures presented here at ZH are very useful and quickly published, but half the fucking comments are about alien abductions and chemtrails and other idiot shit for the retarded idiots who think they are "AWAKE"™ because they are scared their free lunch will soon be over.
RIGHT! coudn`t agree more on that one and hate the attitude here in germany "big daddy state do it for me".7
Austrian Economics FTW! take on selfresponsibitlity and stop blaming others or the state. But the state needs to stop spending on special interest stuff.
now you just fell down your own "oh my god its hitler" special needs trap.
What you are saying above is common sense, and that according to the socialist doctrine is inhumane and the most satanic that could come out of anyones mouth.
The state is your mother, father, sister and tells you how to live your life, NEVER EVEN BOTHER to think for yourself. There is at least one "directorate" or "amt" in your case, that will be just a phone call away to tell you what to think and how to act.
My point I made earlier was that the logical process ends here for you, because you have been trough the "denazification" process which is still ongoing today in Germany. I understand that this is the end of your road, and I apologize for going apeshit before, but I have started to recent and hate things that look human, but lack a soul and free will.
or as your beloved ones call them "goyim".
Imbecille to calculate how full off shit you are we need your exact location in Europe. The fact that you have 4chan Pedobear as an avatar makes me think the Netherlands. Thats where they legalized child porn for about ten years, alot of you guys are into that 4Chan nonce shit. At the same time the slight full spectrum racism and disgust at socialism makes me think some piss-ant suburb of a major French city.
First things first. Normally I do not communciate with arabized subhuman terrorists, but the sun is shining today so I will make an execption.
1. The "peddobear" is a retarded mistake by me, I googled "BEAR" to find a avatar showing a bear and found this one looked funny.
This is why I wanted a bear avatar: http://www.investopedia.com/terms/b/bearmarket.asp#axzz25Cw8pUFX
2. I am a child of hardcore socialism, I am born and raised in what would be better described as "almolst communist" SCANDINAVIA. So I have seen first hand what socialism does to people, how it kills and pacifies them and makes them into pretty little flesh dolls without minds. How it stiffles people who could have made a huge impact on the world.
I understand socialist countries can seem wonderful from the outside, with all the perfect propaganda communicated about long holidays and wonderful human rights and equality and bla bla
But the truth is that you pay a price, you pay with your mental health. Intellectuals in fact become an enemy of the state.
Check out how the Swedes treated Assange for not trusting their fucked up satanist system:
http://www.friatider.se/the-swedish-media-war-on-assange
And lastly we have your filthy kind around here, but that mistake will correct itself within the coming 5 years, and this time I hope we follow you to your countries and annihiliate all of your disgutsting kind.
YuropeanImbecille
Pretending to be from another country won't help you around here. I once pretended to be from Djibouti, saying you can't eat gold in Arabic and they realized it was me right away.
How do you say "you can't eat gold" in Swedish?
Why is it we hear the strongest and best arguments against Communism and Socialism from those that have live under it? Maybe those that have under it should talk to those who spew the, "Utopia splendor", of the, "Theory", of living under it?
Where did all these new posters come from?
Ayn Rand syndrome. Now explain why the Capitalists have copy cat cloned the despotism of past as World Inc. made in USA?
How dare you rag on socialism around here!? Don't you realize when the govt fucks you over, you need to let the govt make it all better for you?
You would be amusing if ... no you're a mentally ill person. I wish you well.
Please,lets pray he's not fucking ..imagine the offspring?
yxou must be fucking idiot! it`s not about hitler here, but still it`s a good example how dangerous high youth unemployment can be.
yxou must be fucking idiot! it`s not about hitler here, but still it`s a good example how dangerous high youth unemployment can be.
too bad your family tree did not get terminated in the dresden bombings you piece of human filth.
Your opinion is worthless because you are a souless and mindless piece of decaying meat. so please just shut the fuck up, yes?
Maybe not so refreshing.
C'mon man.
L o l Smiler.
This age bracket is so key.
Seems to me, over the last year or so here in the U.S., much of all the horrific news involved a 24 or 25 year old male.
Lost hope leading to "nothing to lose" attitude b/c more and more realizing that there is nothing to gain. ZH, thanx for keeping this metric updated.
the most "horrific news from America" is actually the daily mundane grind of global thuggery (US foreign policy)
when do the SWAT squads arrest Congress?
Nothin like 98 crude to get ya out of that recession is it Europe? You can thank Ben and the algos for that. Gee i just cant figure out why other people/countries hate america.. duhhhh
Spain is not Uganda.
Spain 10Y - +2.3 % in tho f* days , deposits - 5% in a month, EU-Goldmanites United want to lynch Jens Weidmann ..... Spain needs a help from Robert Mugabe ..... :-(
K- Zimbabwe is not Spain. Zimbabwe has some collateral ....
It's like comparing a man living in the streets with some collateral with a man living in a Palace with no collateral
Wait. Shouldn't it be "The Chart that got scarier just got scarier again".
I'm confused. Economists are telling us that demographics are going to kill the economies of the world because there won't be enough young people working to support the old folks. Meanwhile unemployment among the youth is huge. Am I alone in exhibiting cognitive disonance over this conundrum?
PLEASE DO NOT ASK INTELLIGENT QUESTIONS! IT IS DANGEROUS FOR YOUR AND YOUR FAMILYS HEALTH!
BEST REGARDS,
THE SOCIALIST BUREU OF GLOBAL AFFAIRS
YuropeanImbecille
Pretending to be from another country won't help you around here. I once pretended to be from Djibouti, saying you can't eat gold in Arabic and they realized it was me right away.
How do you say "you can't eat gold" in Swedish?
Check your premises.
Why? Will he find hippies in his basement?
And would you want to be one of those youths working low paying jobs and being taxed at high rates to support the elderly? I know it is not politically correct and I am not being sensitive to the elderly. But I am also not one of those unemployed youths. I actually work, pay taxes and support the elderly.
I'm just over 50 and currently unemployed, but not for long. I actually feel quite guilty that I will help keep somebody under 25 out of work. The situation is bad here in the UK but it will eventually affect everywhere.
Once new nations have passed through the phase of being the sweatshop of the world they'll all become the same.
I think it's time to rethink the whole idea of working for 45 years or more, it's just not sustainable.
Death looms, and I'm not afraid, and I don't believe in a god, so there.
Sporadically, reason shyly washes upon the shores of ZH and it mostly goes unnoticed, unlike dark and sad shadows of troll-psychopaths, like YuropeanWhatever.
Separate the state from existence and you would probably be able to live off of a 20 hour work week.
Government doubles or triples the cost of living.
It's called bullshit. You may recognize it everytime governments around the world release data on their economies, or when people argue that more immigrants are needed in their country, because there aren't enough people trained in the jobs their economies need (they would rather pay an immigrant less).
Damn they better get WWIII started soon. They are going to have a lot of unruly youths to deal with. Either that or Carousel...... Logan Five it's time for renewal.
WWIII may feel like destruction for some and a cleansing for others. Unruly youths?, don't fret, they'll have no choice but to get in line. (I'm 1/2 your age, trust me) Circumstance (and God's will) will forge our future.
Well said. I have great faith in your generation. I know there is a bright future in the other side of what is to come. I only hope that future generations to follow you don't ruin it. My unruly youth comment is because I understand history and the manipulators of it. TPTB can't have young people like you taking them on so they forge false enemies. But I see a time when people can see through their lies and squash the real enemy. I only hope I'm around to see it.
To be honest I hope my body holds up to contribute.
I thank you and I truly appreciate all your comments here.
"To be honest I hope my body holds up to contribute. "
Don't scare me Doc, I want you to be around for a long time. Please look into hormone replacement, take your EFAs and stay away from all simple carbs.
I'm going on 50 but I'm very active. I have been doing p90x for 4 years and I monitor everything that I eat. So I am in damn good shape, but I also accept that I can not fight age indefinitely. So when I say I hope I can contribute in my mind I have 15 good fighting years remaining before the wear and tear if my body finally start to take over.
As long as your finger is able to pull a trigger, you'll have some part in the fightin'.
Germany is in a class of its own
..we must nobble them somehow, it's the European (socialist) way
"..we must nobble them somehow, it's the European (socialist) way"
They're called bailouts and the rest of Europe is working on having Germany contribute to them. Also when the EU falls apart, German unemployment will be increasing (less people to export your stuff to).
Well, fortunately for TPTB in the US, they're immune from any effects that would arise from a similar situation here. The DHS has now acquired enough hollow-point bullets to kill every person in the US four times over, and we have computerized voting systems that guarantee that the right people get "elected" regardless of which buttons the voters push, so we're good!
DHS couldn't control an area the size of lower Manhattan for more than a few weeks if the shit really hit the fan. The 8 trillion pounds gorilla in the room (millions of American partiots, gun owners, active duty military, reservists, veterans, police, federal marshalls, and so on) could squash TPTB and their alphabet soup agencies in a heartbeat and they know it.
Bullshit. Europeans have general strikes and huge protests and frequently rapidly change their government dramatically when living standards go down. Americans do almost nothing.
I'm not sure what your point is. What does alphabet soup agencies not standing a chance against well-armed howling mad Americans have to do European socialist assholes firebombing their local socialist government offices?
He's clueless. American Patriots are tuff as nails.
Lol secret prisons, fed stealing 15 trillion, NDAA, wars started by one man, droning around the world. American Patriots are part of the American DREAM.
You must be referring to the 12 hour a day TV watching,couch sitting,video game playing,out of shape never shouldered a rifle or fired at anyone American Partriot ...yeah tough as nails.
You have heard we have an obesity problem of magma lard magnitutde in the "free" country...
What?! overthrow the old socialist govt to have it replaced by the new socialist govt that, this time, will solve all the problems?
We took on that one .... Very angry corzined neighbours from NJ on a short trip to 200 West Street ( with their full gear ), well, NYPD and DHS would need assistance of USAF to survive ....
You can't count on the police defending law abiding US citizens ...too many young brainwashed former military MP's on steroids and donuts who robotically just pound you.
Their boss says free fire zone and wham-o.
.
...unless their marksmanship resembles that of the NYPD, in which case they'd be lucky to overrun Delaware.
You nailed it... just watch Red State to get an idea of the devastating, unsustainable losses the bad guys take when they try to fuck with crazy-ass Americans.
The DHS may have the bullets, but I sincerely doubt that they have personnel with the balls to use them.
At least when people do get a job in Europe, they have a lot more job security than here in the U.S., where the average job only lasts 3 years. It's also very difficult to lay off older workers there, where as here, they are the first to go.
Older workers are the first to go in the U.S. ??? Ha- somebody better tell that to the teachers unions, the police unions, the firefighters unions, the public pencil pushers emplyees unions... not to mention the age-discrimation lawyers who have every employer thinking twice about canning geriatrics.
So government employees in a union? What's that 8% of the population? The other 92% are screwed when they get old.
I wish.
53% of the younger demographic out of work? No prob, man! Not when they're busy thumbing up their friends posts on FB, playing XBOX, day-drinking and having friends with benefits sex. Work, Shmork! Chillax, Durden, go smoke a bowl or something
I SEE NOTHING!
Oh wait, that's what my sargent says. Off to the FEMA (or national equivalent) gulags with them.
All's well, until it ain't!
No different in US where most college graduates are working 8 hours a week at McDonald's or not at all.
Let's get real:
the pre-conditions for a revolt, armed insurection, etc. do not exist. In the western nations: Nobody is starving; nobody is without shelter; everybody gets sick care; food stamps keep you alive.
Ok, one guy just recently torched himself in protest in Italy. But, there are no domestic terrorists out there, blowing up trains and planes and bus terminals and baseball stadiums. Nobody is tunneling under the street to the Federal Reserve - only drug smuglers to Texas and California.
Possibly, the best thing is for officialdom to suppress ZH and other oasis for truth and sanity. Then, all of us deprived of a space to vent our venom, might rethink everything in private.
Yet!
Social safety net costs money as well. As that gets rolled up the unrest will intensify. Unrest itself can't change anything but it could lead to radical political movements large regional breaks and finally foreign backed civil wars. Look at Libya no one was starving there either.
I can see Spain splitting up into several countries.
The USA also.
Balkanized.
When the dollar dies nothing will hold the disparite
cultures/regions together.
How tough would it be to break the supply chain that supplies all the necessaries? Hmmmm? Could oil have any thing to do with it?
But the USA only has 8.3% unemployment according to the BLS (Barracks lying service). More like 28.3% but who cares as long as the government sanctions lying and the media prints the lies, the sheep with not argue this blatant fraud on the American electorate.
Worrying about unemployed young men in Europe is the ZH version of what the generals always do -- plan to fight the previous war.
"Mein Gott! It is how Hitler succeeded!" <shiver/>
Give it a rest. Europe is a museum.
Worry about 30 million young men in China, with no jobs and no women.
Why scary? It means lots of cheap & young hookers!
This proves my point. With central banks printing like mad, people don't need to work. GDP is boosted by bond buying, not by natural productivity. How smart is bitch Yellen, homo Evans and fucking Bernanke!
It's nice to know there will be such a large pool of recuits for the Frei^H^H^H^H Eurocorps
Well, history never repeat itself, but it may ryhme.....
Anyway, there are a few "megatrends" worth keeping in mind:
* The balance of power in Europe is shifting. New economic and strategic alliences will be (and are being) formed. The result is yet too be seen. (But at the moment, the area surrounding the North Sea is a hot topic..).
* The countries that have been most damaged during the crisis, are about the be more competaive compared to the more developed and strong European countries because of their need to cut wages and sosial expences. This will in turn have an impact on the matter above. (think strategic alliences..).
This is of course the long-term scenario - I really don't like to think about the short-term....
Have a great weekend, everyone!