Gavekal Capital: European (Youth) Unemployment

Tuesday, June 3, 2014

European (Youth) Unemployment

The headline number for European unemployment came in slightly better (lower) than expected today.  However, young people under the age of 25 still struggle to find jobs.  And while the situation is (slowly) improving in some of the hardest hit countries like Greece and Spain, youth unemployment in Italy continues to rise, reaching over 43% in April.


Compared to a year ago, the rate of unemployment in Italians under the age of 25 is nearly 4% higher.  In contrast, youth unemployment rates have fallen by about the same in other peripherals like Ireland, Greece, and Portugal.