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Friday, October 3, 2014

Youth Unemployment in Europe Costs EU Over 150 Billion Euros Annually

A quarter of young Europeans cannot find a job, according to a European Commission study on youth unemployment. That number is twice as high in Greece and Spain, where youth unemployment has surpassed 60% in some areas. (adsbygoogle = window.adsbygoogle || []).push({}); Over 5 million people between 15 and 25 years of age are unemployed in the European Union, and youth unemployment trends are worsening in many parts of the eurozone. That joblessness amounts to around $150 billion annually in lost wages and spending as young Europeans remain unable to purchase basic services and goods such as food, housing, and health care. Over 5 million people between 15 and 25 years of age are unemployed in the European Union, and youth unemployment trends are worsening in many parts of the eurozone.  read more


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