Spain: Unemployment Rate

unemployment rate: The jobs crisis is affecting almost six million young people who are out of work, with countries like Greece and Spain experiencing rates of youth unemployment of more than 50 per cent. The European Union-wide unemployment rate for those between age 15 and 24 stood at 23.5 per cent as of the end of March, compared to 10.9 per cent for the general population, according to CBC. Labour and finance ministers from France, Germany and Spain published an editorial in several European newspapers calling for a "New Deal for Europe " in the spirit of U.S. President Franklin D. Roosevelt's Depression-era initiative that helped lift a generation out of poverty and joblessness through government-funded projects and The labour and finance ministers of several European countries warned of dire consequences for the continent Tuesday if more is not done to alleviate the staggering rates of unemployment among Europe's youth. Youth between 16 and 24 in the U.S. which tracks a slightly different age range is 16.1 per cent, by comparison. In Greece, the youth unemployment rate is 59 per cent and in Spain it's 55 per cent. (www.immigrantscanada.com). As reported in the news.