More than 5 million young people in EU27 unemployed

July 31, 2012

According to new data from Eurostat, in June 5.472 million young people (under 25) were unemployed in the EU27, of whom 3.359 million were in the euro area, which consists of 17 nations. Compared to June 2011, youth unemployment rose by 227,000 in the EU27 and by 204,000 in the euro area. In June 2012 the youth unemployment rate was 22.6% in the EU27 and 22.4% in the euro area. The lowest rates were observed in Germany (7.9%), Austria (8.8%), and the Netherlands (9.3%), and the highest in Greece (52.8% in April 2012) and Spain (52.7%). Eurostat News Release