Youth unemployment across Europe

Here is more, hat tip goes to Greg Ip.

Addendum: Do read the excellent comment by Peter Whiteford, for instance:

The unemployment ratio – that is, the number of unemployed people over the population rather than the labor force is arguably a more consistent indicator across countries.

Have a look at http://epp.eurostat.ec.europa.eu/statistics_explained/index.php?title=File:Youth_unemployment_rates,_2008-2011Q3,_%28%25%29.png&filetimestamp=20120127135533

This shows that while in Greece for example, the unemployment rate for youth was around 46% the unemployment ratio was around 10% – nearly half of those in the labour force were unemployed, but only a little over 20% of all the people in the age group were in the labour force.

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