High Unemployment for Spain’s Youth

    BARCELONA, SPAIN - NOVEMBER 29:  A job seeker arrives to a Job fair organized by the ImmigrationOffice of Quebec in Paris and the Catalonia Employment Service (SOC) on November 29, 2012 in Barcelona, Spain. Over 40 companies from Quebec are offering more than 1000 jobs at two career fairs being held in Barcelona and Paris. Approximately 1300 job seekers attended today's fair in Barcelona after the unemployment rate in Spain increased to 25.02 percent in the third quarter of 2012, the highest in the EU.  (Photo by David Ramos/Getty Images)

    Young job seeker in Barcelona in Nov. 2012. (David Ramos/Getty)

    And millennials thought post-college employment was bleak in America. Sixty percent of those under 25 in Spain have no job, and the nation faces its the highest unemployment levels since the 1970s, according data released by the government Thursday. The nationwide jobless rate rose to 26 percent, or 5.97 million people, according to the National Statistics Institute—up from 25 percent the previous quarter. It’s not over yet, either: with the recession likely to last until the end of 2013, net job creation looks increasingly unlikely.

    Read it at Sky News