Youth jobless rate of 22.4% masks huge gap between successful north and failing south.
This article titled “Unemployment of Europe’s young people soars by 50%” was written by Ian Traynor, for The Guardian on Monday 16th April 2012 18.59 UTC
Unemployment among Europe’s young people has soared by 50% since the financial crisis of 2008. It is rising faster than overall jobless rates, and almost half of young people in work across the EU do not have permanent jobs, according to the European commission.
Three policy papers obtained by the Guardian outline action to create 17.5m jobs in Europe by 2020, but paint a grim picture of prospects for Europe’s youth and underline how the sovereign debt crisis of the last two years has widened the gap between the eurozone’s successful northern core and its failing periphery.