In Spain, the youth unemployment rate is now a staggering 53%

October 1, 2012
Obsession
Euro Crunch
October 1, 2012

Unemployment in the euro zone rose to a new high of 18.2 million last month; the rate held steady at a record 11.4%. Above, a chart from today’s Eurostat report shows the unemployment rate in each of the European Union’s 27 members, from Austria at 4.5% to Spain at 25.1%. Here are the country abbreviations:

Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU),  Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI),  Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK)

Spain’s record unemployment rate was up slightly from last month. The country’s chronic youth unemployment worsened in August to a rate of 52.9%. The BBC has a good new piece on youth unemployment around the world.

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