Economy

Europe Faces ‘Lost Generation’ As Youth Unemployment Soars

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More than 5.5 million European young adults are unemployed, according to reports from the European Commission, leading economists to fear that European youth will become a “lost generation.” Eurozone unemployment reached 26 percent this month, but for young people, the picture is even bleaker: in Spain and Greece, the youth unemployment rate tops 50 percent; it is 36 percent in Portugal, 34 percent in Italy, and 23 percent in France, the Washington Post reported. Unemployment is so bad for young people that Spanish college graduates have dubbed themselves Juventud sin Futuro, or “youth without a future.” The youth unemployment rate in the United States, meanwhile, is 15 percent.