Spain's high unemployment rate

For the first time in over a decade, Spain's unemployment rate rose over 20%. The country has recently rose from 18.8% to 20.1% unemployment rate. This high rate poses a large problem for the young people in Spain. Back when the employment rate was high and the Spanish economy was booming, hundreds of thousands of young people dropped out of school to join the workforce. Now a days these youths are facing very trying times because they are a part of a "lost generation" of unemployed people between the ages of 16-24 with an unemployment rate of 42.9%. This is more the double the overall rate and the highest in Europe. The sole reason behind this outrageous unemployment rate is because the sectors that employ young people in the greatest numbers — fast food, construction, retail — are expected to take the longest to recover. Another factor contributing to this rate is that Spain makes it very easy to put young people to work. Spain is even worse off in comparison to other countries that traditionally have a high unemployment rate among young people. Some examples include Poland with a rate of only 21.2, and Slovakia with a rate of 27.9%.