CHART OF THE DAY: American Youth Will Have Nothing To Complain About Once They See This

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Spanish youth unemployment climbed to 51.1 per cent in March, from 50.9 per cent the previous month. This number was 6.2 percentage points higher than the 44.9 per cent youth unemployment rate a year ago.

Compared with Spanish numbers and the euro area’s 22.1 per cent rate, America’s 16.4 per cent youth unemployment rate seems low. Germany, Austria, The Netherlands and Malta are the only countries in the EU27 that have youth unemployment rates lower than the U.S.

Here’s a chart from Scott Barber and Thomson Reuters showing youth unemployment in the eurozone:

chart of the day, european youth unemployment, may 2012

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