The financial crisis of 2008 devastated national economies around the world. European countries are still recovering. But the spotlight is only now beginning to shine on one issue that could fracture national economies again, the youth unemployment crisis. Many 15- to 24-year-olds are struggling to find jobs, to further their education and to cope with a new world order in which they perceive they have no role.
Indeed, while the Eurozone overall unemployment rate came in at 8.9% for September 2017, the lowest rate since February 2009, the region’s youth unemployment for those aged 15-24 remains high. According to recent Eurostat data, 3.722 million young persons (under 25) were unemployed in 2017 in the EU28, a decrease of 380,000 as compared with October 2016. The lowest youth unemployment rates were observed in Germany (6.6 %) and the Czech Republic (7,2 %), while the highest were recorded in Greece (40.2 % in August 2017), Spain (38.2 %) and Italy (34.7 %). These figures demonstrate that youth unemployment still remains high across the EU.