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Friday, July 8, 2016

This chart highlights one of Europe's biggest problems

Since the global financial crisis, high youth unemployment has been a problem across the world. One region that has been hit particularly hard by this problem is Europe — both in its developed economies and its emerging ones. In a recent note to clients, Bank of America Merrill Lynch's Michael Hartnett and Brian Leung shared a chart showing the youth unemployment rates across EU countries. Overall, the EU youth unemployment rate is about 20%. However, the countries with the highest rates — namely, Greece, Spain, Croatia, and Italy — are all in the stunningly high 40-50% zone. These numbers are among the highest in the world. Meanwhile, the countries with relatively low youth unemployment rates, including Denmark, the Czech Republic, and the Netherlands, are around 10%. Germany's is around 7%. Check out the full chart below. Note that some of the figures are from last year, given that not all countries publish official monthly data. [Screen Shot 2016 07 08 at 9.21.39 AM]   SEE ALSO: YOUNG PEOPLE AROUND THE WORLD ARE LIVING IN AN UNEMPLOYMENT CRISIS Join the conversation about this story » NOW WATCH: An exercise scientist reveals exactly how long you need to work out to get in great shape


READ THE ORIGINAL POST AT www.businessinsider.com