Ryan Avent watches in horror as the European unemployment rate ticks up:
Jobless rates in Greece and Spain are already at eye-watering levels. Among young people, those under 25, rates of joblessness across the whole of southern Europe are startling. In Greece, 45% of young people were unemployed as of August, which is the last month for which data are available. In Spain, the rate is 49%, up sharply from a year ago. In Italy, youth unemployment is 29%; in Portugal, it is 30%. Even in France, 24% of young people are without employment.
Within a few months, southern Europe may be home to more young people without jobs than with them.
The Dish 