Due to the recession and austerity measures in Spain, the unemployment has increased multi-fold and even the highly qualified youngsters are finding it difficult to get jobs. The government jobs have been reduced drastically.
‘The unemployment rate for those between the ages of 16 and 24 has soared to 57.22 percent, and a record 27.16 percent overall, at the end of the first quarter as the country struggles through a double-dip recession sparked by the collapse of a decade-long building boom in 2008’, according to a report from Madrid, the capital of Spain. Another report says that the youth feel that they are the ‘lost generation’.
It is not only Spain, but almost all the countries in Europe are facing the serious aftermath of the recession.