Unemployment Rates: Unemployment Rate

unemployment rate: At a conference in Paris Tuesday, French, Italian and German ministers warned that if high youth unemployment is not addressed, young people will lose faith in their governments and the European Union, according to CTV. European countries have seen their unemployment rates skyrocket, first fueled by the global recession and then by the continent's debt crisis. The unemployment rate for the EU's 27 member countries is now 10.9 per cent. For young people in Europe, those aged between 15 and 24, the situation is much worse: Their unemployment rate in the EU is 23.5 per cent. In Greece and Spain, youth unemployment is over 50 per cent. By comparison, it is 16.1 per cent in the U.S, where the age range is 16-24 and PARIS -- European leaders sounded the alarm on youth unemployment Tuesday and called for more help for businesses to help solve the problem that has left nearly one in four young people in Europe without a job. "We now have to rescue an entire generation of people who are scared," said Enrico Giovannini, Italy's labour minister. "We have the best ever educated generation in this continent, and we are putting them on hold." (www.immigrantscanada.com). As reported in the news.