Europe's Record Youth Unemployment: The Scariest Graph in the World Just Got Scarier

Europe's job market is a historic disaster.

The EU unemployment rate set a new all-time high of 12.2 percent. But it's the youth unemployment crisis that's truly terrifying. In Spain, unemployment surged past 56 percent, and Greece now leads the rich world with an astonishing 62.5 percent.
 

 

According to the Atlantic, youth unemployment is bad for all the obvious reasons , including the big loss to future productivity and earnings. But Europe's youth unemployment is strange, because we've never seen a generation *this educated* also be this unemployed. For example, nearly 40 percent of Spain's 20-and early-30-somethings are college educated.